Listing Courtesy of: Ken Switzer - Berkshire Hathaway HomeServices California Properties
805-969-5026
$7,500,000
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1600 Santa Barbara Street Santa Barbara, CA 93101
Multi-Family
Residence
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Prime opportunity for the savvy developer/investor to take advantage of the new flexible Adaptive Re-Use ordinance and favorable R-M zoning, to re-purpose inside the walls of a classic historic building into apartments or condominiums. As one of Santa Barbara's most treasured and unique properties, ...in an A++ location where downtown transitions to the Upper East and directly across from Alick Keck Park gardens, ''The McCormick House'' has been used commercially since the late 1960's as an art education center. The approx. 12,500+/-SF structure (incl. full ceiling height lower level) had a major systems renovation in the 1990's. Mills Act potential property tax reduction may add to the investment benefits. Contact agents for details and examples. Floorplans and ARU code under Documents.
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MLS#
25-3995
Property Type
Multi-Family
Year Built
1940
Lot Size
0.72
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