Zoning: Hotel, Multifamily, Retail, Mixed-use | 5638 Hollister Ave
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Zoning: Hotel, Multifamily, Retail, Mixed-use 5638 Hollister Ave
27,817 SF 12% Leased Office Building Santa Barbara, CA 93117 £4,812,068 (£173/SF)
Investment Highlights
- Prominent Office property. | Zoning allows for Hotel, Multifamily, Retail, or Mixed-Use.
- 44 parking spaces.
- Situated on approx. 24,393 SF lot.
- High ceilings & large window-lined floors.
- Elevator-served.
- Near Goleta's high-tech corridor.
Executive Summary
EXCELLENT HOTEL OR MULTIFAMILY CONVERSION OPPORTUNITY BELOW REPLACEMENT COST.
This well positioned asset in Old Town Goleta is within close proximity to UCSB and the Goleta Tech Corridor, which includes tenants of the likes of Google, Appfolio, Yardi, Microsoft, and others. The existing floorplan lays out well for a hotel or multifamily conversion and already includes high ceilings, an elevator, abundant parking, and excellent window-lined perimeters on each floor. Land Use Report available upon request. Contact Listing Agents for further details.
This well positioned asset in Old Town Goleta is within close proximity to UCSB and the Goleta Tech Corridor, which includes tenants of the likes of Google, Appfolio, Yardi, Microsoft, and others. The existing floorplan lays out well for a hotel or multifamily conversion and already includes high ceilings, an elevator, abundant parking, and excellent window-lined perimeters on each floor. Land Use Report available upon request. Contact Listing Agents for further details.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
27,817 SF
Building Class
B
Year Built
1980
Price
£4,812,068
Price Per SF
£173
Percent Leased
12%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
9,272 SF
Building FAR
1.14
Lot Size
0.56 AC
Zoning
O-T - Old Town
Parking
40 Spaces (1.44 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 071-090-065 | Improvements Assessment | £3,185,398 |
| Land Assessment | £1,176,208 | Total Assessment | £4,361,606 |
PROPERTY TAXES
Parcel Number
071-090-065
Land Assessment
£1,176,208
Improvements Assessment
£3,185,398
Total Assessment
£4,361,606
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Zoning: Hotel, Multifamily, Retail, Mixed-use | 5638 Hollister Ave
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