4085 State St
Santa Barbara, CA 93110
Land For Sale
·
1.71 AC
Investment Highlights
- Sale Price: $2,900,000
- Environmental Closure Letter: Yes
- Available Water Credit: Per the District Code (Section 5.16.041) is 3.13 Acre-Feet per Year (AFY)
- Lot Size: ±1.71 Acres (±74,487 SF)
- Jurisdiction: County of Santa Barbara | 2018 Land Use Report Available: Contact Listing Agents
- Water Meter: There are currently (2) 1-inch meters serving the property
Property Facts
| Property Type | Land | Proposed Use | Mixed Use |
| Property Subtype | Commercial | Total Lot Size | 1.71 AC |
| Zoning | MU - Mixed Use | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 1.71 AC |
| Zoning | MU - Mixed Use |
Description
Abundant water and a rare slope advantage parcel combined with the best zoning Santa Barbara has to offer. With enough water to build up to a 68-unit hotel or build residential and/or commercial condominiums. Optimally located, 30 minutes from the world-famous Santa Barbara wine country, where US Hwy 101, Hwy 154 and State Street intersect, this 1.71-acre parcel is one of State Street’s last large, unimproved parcels for development. The property is situated in the northern State Street commercial corridor in Santa Barbara and boasts a General Commercial land use designation and Mixed-Use zoning designation. The MU zone was established as a special purpose zone applied to areas that have been identified as well suited for mixed use development (i.e. residential, commercial, and/or retail/services) due to their location and relation to existing or planned land uses of adjacent areas and infrastructure improvements such as transportation corridors.
Property Taxes
| Parcel Number | 061-110-014 | Improvements Assessment | $0 |
| Land Assessment | $3,147,210 | Total Assessment | $3,147,210 |
Property Taxes
