$2,650,000
$3,095,000
14.4%For more information regarding the value of a property, please contact us for a free consultation.
4.37 Acres Lot
SOLD DATE : 12/27/2021
Key Details
Sold Price $2,650,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI18290215
Sold Date 12/27/21
HOA Y/N No
Lot Size 4.374 Acres
Property Description
Fantastic development opportunity in the growing Central Coast community of Buellton, California. The COMMONS is a destination retail/entertainment complex unique within the Central Coast and is fully entitled with the City of Buellton. This project is a 54,000 square foot development with a tenant mix that is focused on the craft beverage industry, local and regional restaurants, unique food vendors, and artisan retailers.
All plans, studies, reports and permits are included in the sale. This project is ready for an investor/developer to break ground and complete the project, modify it to suit their own needs, or add in a residential component. The possibilities are endless. Up through this phase of the project, The COMMONS has received over 45 Letters of Intent from local and regional tenants wanting to be part of the project.
The COMMONS is located within a 10-minute walk of nearly 750 existing hotel rooms (including a 160-unit full-service Marriott property) and 214 hotel rooms planned across the street from the Marriott Hotel. It is also a 10-minute drive from more than 1,600 hotel rooms within the Santa Ynez Valley.
Location
State CA
County Santa Barbara
Area Buel - Buellton
Zoning CS & CR
Interior
Fireplace No
Exterior
Community Features Foothills, Valley
View Y/N Yes
View Hills, Meadow
Building
Lot Description Greenbelt, Lot Over 40000 Sqft
Water Public, Other
New Construction No
Others
Senior Community No
Tax ID 137170068
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Efren Pulido • Berkshire Hathaway Comm Div