312-316 W Carrillo St

Three of the few remaining undeveloped parcels in downtown Santa Barbara, located in a vital position along Santa Barbara’s main artery connecting downtown to US HWY 101. The offering consists of three parcels, maximizing development potential within the high priority AUD-density overlay providing developers the immense opportunity to add significant value, develop commercial square footage and/or much-needed housing. Short distances to State Street, the Funk Zone and the highly desirable coastline give this property widespread appeal. Sellers also own 10 unit apartment at 318 W Carrillo St, and are open to including it in this offering (but will not sell it alone at this time).
Offering Price: Best Offer
Deal Structure: Sellers are open to ground lease, joint ventures, trade or sale of Fee Interest
Land Area: 21,780 SF (.5 acre, three parcels)
APN: 039-262-007; -023 and -23
Zoning: C-G
AUD: High-density, priority housing overlay (37-63 du/acre)
Zoning: C-G
Allowable Uses: Residential, Mixed-Use, Restaurant, Retail, Office, Hotel
Frontage: Approx. 100 SF along Carrillo