425 1st St Solvang, CA 93463

Listing Agency Keller Williams Studio City F***@kw.com Show Phone

12711 Ventura Blvd. Suite 110, Studio City, CA

Listed by Hooman Emanuel · License #01200237 Show Phone

Added: Apr 27 Checked: Jul 17 at 2:06 am

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MLS# 26816075 Listing URL

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Investment Insights

Based on property information with market context.

Located one block from Copenhagen Drive in Solvang, this 21,344 SF development site at 425 1st Street offers a development opportunity in the city's high-traffic tourism corridor. The property, formerly the Water Wheel building and scheduled for demolition, is a clean-slate opportunity for various uses, including a boutique hotel, mixed-use development, residential units, or senior housing. Situated in the Santa Ynez Valley, the site benefits from tourism demand and walkability to shops, restaurants, and tasting rooms. There is a lack of new boutique hotel supply in the area. The VMU (Village Mixed Use) zoning provides flexibility for multiple development strategies, with the potential to increase density through California State Density Bonus Law (buyer to verify). The lot size is 0.49 acres.

Key Highlights

• Prime 21,344 SF VMU development site in Solvang's high‑traffic tourism corridor.
• Rare clean‑slate opportunity for boutique hotel, mixed‑use, residential, or senior housing development.
• Located in the highly desirable Santa Ynez Valley with strong tourism demand.

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FAQs

What type of property is this?

Commercial land - 21,344 SF development site in Solvang's tourism corridor.

Where is this commercial land located?

The property is located at 425 1st St Solvang, CA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Prime 21,344 SF VMU development site in Solvang's high‑traffic tourism corridor.; Rare clean‑slate opportunity for boutique hotel, mixed‑use, residential, or senior housing development.; Located in the highly desirable Santa Ynez Valley with strong tourism demand.