590 Avenue Of The Flags Buellton CA 93427 | V1-15703

590 Avenue Of The Flags
Buellton, CA, 93427
$4,995,000
Beds
0 Baths
0 SqFt
1.6 Acres
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.

Property Details

Price:
$4,995,000
MLS #:
V1-15703
Status:
Active
Address:
590 Avenue Of The Flags
Type:
Residential Income
City:
Buellton
Listed Date:
Nov 11, 2022
State:
CA
ZIP:
93427
Lot Size:
69,696 sqft / 1.60 acres (approx)
Year Built:
1960
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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Interior

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Refrigerator, Microwave, Electric Cooktop
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None
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Chain Link, Wood
Foundation Details
Slab
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0.00
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Sprinklers None
Parking Features
Asphalt, Uncovered, Parking Space
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None
Spa Features
None
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2
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590 Avenue Of The Flags
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