Anonymous
Active
$7,800,000
17-21 W Montecito St · Santa Barbara
0.27 ac lotAPN 033-042-007
HospitalityZoned C-2Vacant
ABOUT THIS PROPERTY
Fully entitled 44-key hotel project in a great Funk Zone / Beach Area / Lower State Street location. Very rare Santa Barbara coastal zone hotel approved project, consisting of 3 parcels totaling 11,839 sqft of land. Very desirable location with strong freeway visibility, adjacent to Amtrak Station, and perfectly positioned to venture into the Funk Zone, Lower State Street area, and beach. Amenities incorporated into the entitlements include a 3,400 sqft rooftop bar/lounge and patios/balconies off each room.
PROPERTY SPECIFICS
Units / keys
44
Hazard notice: FEMA AE flood zone. Flood insurance required for federally-backed loans.
COMING SOON
Commercial investment analysis

Full cap rate expansion, NOI modeling, 10-year cash flow projection, and exit strategies coming to Mondos this fall.

Listed by Berkshire Hathaway HomeServices California Properties · MLS 26-614