285 S Broadway, Santa Maria, CA 93458 For Sale

Hayes Commercial Group is pleased to offer participation in the largest redevelopment in the history of Santa Barbara County. Located at Broadway & Main Street is Santa Maria’s “Town Center,” a master-planned redevelopment of the city’s historic downtown. Approximately 1,050 new residential units, 150 new hotel rooms, 35,000 square feet of commercial and 1,280 parking spaces are slated to be completed over the next 6-7 years, bringing much-needed housing, activated commercial experiences, modern amenities, and an interactive community. The Master Developer is seeking a development partner for an up to 150-key hotel located on Lot 1.

• Significantly Below-Market Land Basis

• Opportunity Zone Tax Benefits

• 50% Reduction of Impact fees + the ability to finance applicable Impact Fees at 1% 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.