The Herman Company
Listed by The Herman Company
$3,950,000
224 E.Highway 246
Details
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 9,000
Tenancy Vacant
Lease Type Net
Class B
Acreage 1.390
Ceiling Height 20’
9,000 SF Freestanding Office Building on 63,000 SF Parcel
Marketing description
Rare wine country investment opportunity strategically located at the gateway to Santa Barbara Wine Country, near the 101 and 246 highway interchange with 24,000 cars per day traffic. Replete with modern amenities, the size building features heavy power infrastructure, a rooftop solar system, 20-foot ceilings, and is divisible into four separately metered units with 21 private offices, conference rooms, and climate-controlled amenities throughout. With the current improvements occupying only 15% of the sprawling lot, the expansive property offers significant flexibility for owner-users in need of additional storage and parking, investors seeking to add warehouses or office buildings, or potential repositioning for medical, industrial, or multi-family use. The location provides exceptional access to Santa Barbara, Lompoc, and Santa Maria markets, serving an area with $140,000 average household income in the heart of the thriving Santa Ynez Valley.
Investment highlights
- Rare 15% Site Coverage Ratio w/Existing Utility Infrastructure
- Perfect Owner/User Opportunity for Businesses Needing Excess Land
- Divisibility Allows Buyer to Occupy Portion and Lease Out Remaining Units for Additional Income
- Investors May Capitalize on Opportunity to Develop Additional Buildings or Reposition Existing as Medical or Industrial
- Possible Multi-Family Redevelopment Potential Subject to State Housing Mandates (Buyer to Verify w/City of Buellton)
Listing Contacts
The Herman Company
Listed by The Herman Company
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