Listed by Lori Zahn, Lori Zahn, Broker,

590 592 Avenue Of The Flags

Buellton, CA, 93427

$4,995,000

$4,995,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1960
Ideally located off Highway 101 on Avenue of the Flags in Buellton California, this property offers a unique opportunity for a ground up larger development or convert to a wonderful Wine Country Inn. The City of Buellton is the Northern Gateway to the Santa Ynez Valley hosting several nationally recognized wineries, breweries, distillery, and other attractions. The popular tourist City of Solvang and the Chumash Casino, is just a short 2 miles from this premium site. Freeway visibility and off-ramp access from both directions expands the possibilities here.Buellton's Specific Plan, District #2 Downtown Core, supersedes the zoning code and offers a range of code leniency to help with the renovation plan for 'The Avenue.' The property is currently utilized as a multifamily building (legal non conforming) with 22 units consisting of a unit mix of (1) 2 bedroom/1 bath, (13) efficiency studios and (8) Larger studios (upper-level units have balconies) and 22 onsite parking spaces for tenants. The laundry room is built and ready for (2) washers & (2) Dryers providing additional income to the current $23,080/Mo. Leases are Month to Month with ability to increase rents per AB 1482 at different upcoming time periods. This part of Santa Barbara County is seeing major change and presents exciting opportunities on the central coast.
MLS® ID:
V1-15703
Listed:
11/10/22
Updated:
12/8/22
Village Properties
Village Properties

Interior Features

Kitchen Appliances
Electric Cooktop, Microwave, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Fireplace
None
Cooling
None

Exterior/Building Features

Lot Size
1.6 acres lot
Lot Details
Sprinklers None

Other Property Details

Area Name
BUEL - Buellton
Association Amenities
Biking, Hiking
Garage
No
Parking
Asphalt, One Space, Uncovered
Parking Total
22.0
View
Y
County
Santa Barbara
Utilities
Other
Pool
No
Pool Description
None
Total Stories
2
Zoning
CR - Hotel

Courtesy of Lori Zahn, Broker, Lori Zahn,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 6:16 AM UTC, 12/8/22

Village Properties
Village Properties
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