3885/3887 State St. is one of the only properties for sale in the special high density area! Find out why investors have been waiting all year for this new program to go into effect in Santa Barbara...
Extraordinary re-development/investment opportunity! Purchase motel and income-producing office building on 1.49 acres of prime upper State St C 2 "Mixed Use" real estate. City approved plans for 30 upscale Residential loft condos + commercial. New "Density Overlay" Ordinance creates possibilities to build 90+ apartments. Also ideal for expanding into luxury hotel, retail store or business complex. Steps away from La Cumbre Plaza and Five Points Shopping Center in "high density" area.
Tuesday, July 30, 2013
Average Unit Size Density (AUD) Ordinance Passed Today!
Friday, October 19, 2012
Asking Price: $8,250,000
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| 3885 and 3887 State St Motel and Office Building |
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| 48 Unit Office Building with mountain views |
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| Back of "L-shaped Office" and huge extra parking lot |
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| 12 Room Plaza Inn Motel + Manager's Apt. & Office |
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| 13 room Motel on left; 48 Unit office building on right; huge parking lot in back |
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| A Church borders south end of property: Galleria parking is to the North |
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| Approved Plans for Proposed Mixed-Use 30 Unit Residential Loft + Commercial Project |
Presented by Marian Fuentes (805) 452-2137
and Amy Katz, M.A., (805) 428-9252
of Sterling Properties, Santa Barbara CA
and Amy Katz, M.A., (805) 428-9252
of Sterling Properties, Santa Barbara CA
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