Solvang, CA 93463,425 1st ST

$1,675,000

Est. payment /mo

$2,195,000

23.7%
Est.Price: ?

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425 1st ST Solvang, CA 93463

0.49 Acres Lot

SOLD DATE : 05/21/2020

Key Details

Sold Price $1,675,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PI20067895

Sold Date 05/21/20

HOA Y/N No

Year Built 1976

Lot Size 0.490 Acres

Property Description

Boutique Hotel development in the downtown tourist corridor of Solvang, California. Sale includes existing 3 story retail structure and plans to convert to Hotel Chaparral, a 25 room luxurious hotel with a restaurant, bar and large decks.

The site currently has about 15,600 SF of building improvements consisting of 3 buildings, one of which is equipped with an elevator. The existing buildings have the 18th Century Northern European charm that Solvang tourists enjoy and come to see.

The existing structure could also be redeveloped into vacation rentals, public market, office, retail or mixed use with any combination of these. This property has lots of possibilities and enormous potential with its great “location, location, location.”

Location

State CA

County Santa Barbara

Area Vang - Solvang

Zoning TRC

Interior

Fireplace No

Laundry None

Building

Lot Description Level, Rectangular Lot

Water Public

Others

Tax ID 139192024

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steven Battaglia • Steven Battaglia, Broker
Bought with Christine Demirtshian • Premier Agent Network

Alex Duarte

CEO | i01970077

+1(714) 373-6828

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