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Entitled Commercial Land
New
For Sale
$2,500,000

517 Chapala St, Santa Barbara, CA 93101

C2-zoned redevelopment site with residential development entitlements and existing automotive use.

Property SizeContact for details
Days on Market2

Property Features for 517 Chapala St

General Information

Standard status Active
Property subtype Specialty
Listing Agency: Santa Barbara
Listed By: Austin Herlihy
Source: Colliers
Added: Sep 13 Last Checked: Sep 13 at 2:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Santa Barbara

Investment Insights

Based on property information with market context.

This ±11,325 SF commercial land parcel spans 0.26 acres and is zoned C2. The site currently supports a used car dealership and includes entitlements for residential development, providing an established path for a future residential project while allowing the next owner to evaluate other redevelopment directions.

Located at 517 Chapala Street in downtown Santa Barbara, the property has Chapala Street frontage and sits one block from State Street. Retail along State Street, the Amtrak station, and the waterfront are all within walkable reach. The site is also near recent institutional activity, including a UC Regents acquisition across the street and Yardi Systems’ planned headquarters relocation two blocks away.

Key Highlights

  • ±11,325 SF commercial land parcel
  • 0.26‑acre redevelopment site
  • C2 zoning supports commercial land use

Property Analytics

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Current Use

Carzoid Car Dealership

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Tanning Salon Adult Day Care Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,187
Businesses Nearby
280k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 31% Shops & Services 17% Leisure 14% Home Improvements & Furnishings 10%
Marshalls Apparel
37,135 visits/mo 0.5 miles
Metropolitan Fiesta 5 Theatre Leisure
27,969 visits/mo 0.5 miles
World Market Home Improvements & Furnishings
25,963 visits/mo 0.2 miles
Smart & Final Groceries
22,316 visits/mo 0.4 miles
REI Apparel
18,434 visits/mo 0.3 miles

Demographics for 93101, CA

30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - C2-zoned redevelopment site with residential development entitlements and existing automotive use.
Where is this commercial land located?
The property is located at 517 Chapala St Santa Barbara, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: ±11,325 SF commercial land parcel; 0.26‑acre redevelopment site; C2 zoning supports commercial land use
More about this property
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