$2,500,000
( )
 $13,421 est/mo Sourced by Back At You

517 Chapala Street,Santa Barbara, CA 93101

Santa Barbara, CA 93101

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Description

517 Chapala Street is an entitled redevelopment site in the heart of downtown Santa Barbara, one block off State Street. The +/-11,325 SF lot (0.26 acres) is zoned C2 and currently operates as a used car dealership, but its value lies in what comes next. The seller holds entitlements for a residential development, giving the next owner a head start if they choose to carry those plans forward, or the flexibility to take the site in a different direction. Contact the listing team for entitlement details.The timing aligns with a wave of institutional investment reshaping the downtown core. UC Regents acquired a property directly across the street last year, and Yardi Systems is relocating its corporate headquarters to Paseo Nuevo two blocks away, bringing roughly 600 employees into the immediate area. With strong Chapala Street frontage, walkable access to State Street retail, the Amtrak station, and the waterfront, and residential demand running well ahead of supply, 517 Chapala offers a rare shovel ready position in one of California's most supply constrained coastal markets.

Details

MLS #V1-38795
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusPending
Days On Site59
Listing Provided ByColliers International | Michael Lopus

Features

Acreage0.00

Interior

CoolingNone
HeatingSpace Heater
Heating Yes / NoYes
Cooling Yes / NoNo

Exterior

Lot FeaturesSprinklers None
FencingNone

Area Information

StateCA
CountySanta Barbara
CitySanta Barbara
Zip Code93101
AreaVC81 Santa Barbara
Listing VS Median (in 93101)
Price:
$2,500,000
low | high
Med:
$2,399,000
54.04% of Average
On site:
59
low | high
Med:
20
100% of Average
Sourced by Back At You

Market Activity 93101

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Additional Information

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountySanta Barbara
CitySanta Barbara
Zip Code93101
AreaVC81 Santa Barbara
Listing VS Median (in 93101)
Price:
$2,500,000
low | high
Med:
$2,399,000
54.04% of Average
On site:
59
low | high
Med:
20
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.875M - $3.125M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
428 Chapala Street Property Photo 1
$2,750,000
428 Chapala Street
Santa Barbara, CA 93101
Listing Updated: October 21, 2026 at 1:04:44 PM PDT