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628 S McClelland St 3 Acres of Commercial Land Offered at $2,500,000 in Santa Maria, CA 93454
Executive Summary
628 S. McClelland is a rare opportunity to acquire a centrally located, flexible-use parcel in one of Santa Maria's most actively transitioning districts. It represents the only available large undeveloped lot in the downtown area. The +/-30 acre parcel, formerly part of the historic Santa Maria Valley Railroad, is strategically located within the City's designated Railroad Loft District, a key component of the Downtown Specific Plan. The district was established to create vibrant connection corridor linking downtown Santa maria to Allan Hancock College.
The immediate area has experienced significant revitalization, highlighted by the development of the Santa Maria Transit Center (2011) and Hancock Terrace Apartments (2015), positioning the site within a dynamic and evolving urban environment. Surrounding uses include a blend of newly constructed residential projects alongside legacy industrial buildings- many of which present adaptive reuse potential. This site offers a wide range of development possibilities including live/work lofts, student housing, and retail and mixed-use concepts, or light industrial or adaptive reuse projects.
The property generates approximately $15,000 annually in gross rental income from short-term leases, providing holding income while entitlements or redevelopment plans are pursued.
The immediate area has experienced significant revitalization, highlighted by the development of the Santa Maria Transit Center (2011) and Hancock Terrace Apartments (2015), positioning the site within a dynamic and evolving urban environment. Surrounding uses include a blend of newly constructed residential projects alongside legacy industrial buildings- many of which present adaptive reuse potential. This site offers a wide range of development possibilities including live/work lofts, student housing, and retail and mixed-use concepts, or light industrial or adaptive reuse projects.
The property generates approximately $15,000 annually in gross rental income from short-term leases, providing holding income while entitlements or redevelopment plans are pursued.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 3.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 3.00 AC |
| Price Per AC | $833,333.33 |
| Price | $2,500,000 |
| Price Per AC | $833,333.33 |
| Lot Size | 3.00 AC |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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628 S McClelland St
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