For Sale | Office/Retail

123 E Carrillo St, Santa Barbara

Office/Retail Building Approved for Mixed-Use Development
Property Description

Rare owner-user or development opportunity in the heart of downtown! The property is currently fully occupied on short-term leases, providing immediate rental income with potential for both owner-users or savvy investors or developers. The property recently received entitlements to construct a new three-story mixed-use development comprised of: three 2BD units with an average unit size of 948 SF; a 2BD Accessory Dwelling Unit (ADU) at 850 SF; and a 309 SF commercial office. This thoughtfully designed development maximizes the property’s potential and capitalizes on the growing demand for mixed-use urban spaces.

Property Details
Size 1,912 SF
Price $1,200,000
Lot Size 2,684 SF
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