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Est. payment /mo
87,120 SqFt
Active
0 Main ST Street Santa Maria, CA 93454
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Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 87,120 sqft
MLS Listing ID 25-3442
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 87120.0
Property Sub-Type Commercial
Source Santa Barbara Multiple Listing Service
Property Description
The Master Developer is seeking a development partner for an up to 150-key hotel located on Lot 1 of the City of Santa Maria's Town Center Redevelopment. This project will provide a developer with a portion of this 2 acre parcel offering the benefits of the Development Agreement which include:
• Significantly Below-Market Land Basis
• Fast Track for Approvals & Permits
• Opportunity Zone Tax Benefits
• 1/2 Reduction of Impact fees + the ability to finance applicable Impact Fees at a low rate over 10 years
• Reduced Parking Requirements
• Property can be delivered Building Permit Ready
With 43,000 CPD traffic counts and proximity to parks and US 101, this is a very rare chance to be part of a transformative project in the heart
of the Central Coast's most populous city.
• Significantly Below-Market Land Basis
• Fast Track for Approvals & Permits
• Opportunity Zone Tax Benefits
• 1/2 Reduction of Impact fees + the ability to finance applicable Impact Fees at a low rate over 10 years
• Reduced Parking Requirements
• Property can be delivered Building Permit Ready
With 43,000 CPD traffic counts and proximity to parks and US 101, this is a very rare chance to be part of a transformative project in the heart
of the Central Coast's most populous city.
Location
State CA
County Santa Barbara
Community Other
Others
Tax ID 123-280-026
Acceptable Financing Cash
Listing Terms Cash
Listed by Hayes Commercial Group
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