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Listed by Lyndsay Claire Day Blue Shell Properties
$ 700,000
Est. payment | /mo
35,521 SqFt
$ 700,000
Est. payment | /mo
35,521 SqFt
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 35,521 sqft
Price per Sqft $19
MLS Listing ID 26001746
Lot Size 0.815 Acres
Acres 0.82
Property Sub-Type Multi Family
Source North Santa Barbara County Regional MLS
Property Description
PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY IN SANTA MARIA
Discover an exceptional opportunity to acquire a 35,521-square-foot (approximately 0.815-acre) vacant lot in the City of Santa Maria. The rectangular parcel is conveniently situated east of South Thornburg Street and north of Lolita Lane, with El Capitan Village Mobile Home Park bordering the north and east sides and alley access along the west side behind the fourplexes fronting South Thornburg Street.
The property is zoned R-3 (High-Density Residential), offering significant potential for residential development. Based on the current zoning requirement of at least 2,000 square feet of net land area per dwelling unit, the site could accommodate up to 17 units, subject to applicable requirements and approvals. Density bonuses or other increases may also be available, providing additional development potential.
This property presents a unique opportunity for a developer, investor, or builder seeking to create a multi-unit residential project designed for rental income or individual sale, potentially including lot subdivision.
Buyer to independently verify all zoning, development standards, density allowances, subdivision requirements, access, utilities, building requirements, and development plans directly with the City of Santa Maria.
Discover an exceptional opportunity to acquire a 35,521-square-foot (approximately 0.815-acre) vacant lot in the City of Santa Maria. The rectangular parcel is conveniently situated east of South Thornburg Street and north of Lolita Lane, with El Capitan Village Mobile Home Park bordering the north and east sides and alley access along the west side behind the fourplexes fronting South Thornburg Street.
The property is zoned R-3 (High-Density Residential), offering significant potential for residential development. Based on the current zoning requirement of at least 2,000 square feet of net land area per dwelling unit, the site could accommodate up to 17 units, subject to applicable requirements and approvals. Density bonuses or other increases may also be available, providing additional development potential.
This property presents a unique opportunity for a developer, investor, or builder seeking to create a multi-unit residential project designed for rental income or individual sale, potentially including lot subdivision.
Buyer to independently verify all zoning, development standards, density allowances, subdivision requirements, access, utilities, building requirements, and development plans directly with the City of Santa Maria.
Location
State CA
County Santa Barbara
Exterior
View true
Private Pool No
Others
Senior Community No
Tax ID 117-490-052
Acceptable Financing Cash, 1031 Exchange, New Loan
Listing Terms Cash, 1031 Exchange, New Loan
Schools and Properties Nearby
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