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For sale
Hotels
CA
Buellton
93427
545 Avenue Of The Flags

Buellton Landmark Building Opportunity

545 Avenue Of The Flags, Buellton, CA 93427

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For Sale

$2,650,000

Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.

Property size:

9,136 SF

Lot size:

0.46 Acres

Price / SF:

$290/SF

HighLights

Landmark 9,136 sf building in the heart of Santa Ynez Valley on Buellton's Avenue of the Flags.
Suitable for winery, brewery, owner‑user, or adaptive re‑use.
.46 acre CR (General Commercial) zoned lot with ample parking and outdoor space.
Includes approx. 8,663 sf of commercial space and a 500 sf 1BD apartment.
Shorter‑term leases provide flexibility for owner‑user or developer.
Located in the rapidly growing City of Buellton.

We can help!

Listing Contact

Dylan Ward

For Sale

$2,650,000

Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.

Property size:

9,136 SF

Lot size:

0.46 Acres

Price / SF:

$290/SF

Added:: Sep 11, 2023
Days on Market:: 1008
Last Refresh:: Jan 20 at 8:34 am

Property Features for 545 Avenue Of The Flags

General Information

Standard status: Active
Size: 9,136 SF
Lot size: 0.46 Acres

We can help!

Listing Contact

Dylan Ward

Listing agent Dylan Ward

Listing office Hayes Commercial Group

Listing date Sep 11, 2023

Source Exprealty

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 Hayes Commercial Group

HighLights

Landmark 9,136 sf building in the heart of Santa Ynez Valley on Buellton's Avenue of the Flags.
Suitable for winery, brewery, owner‑user, or adaptive re‑use.
.46 acre CR (General Commercial) zoned lot with ample parking and outdoor space.
Includes approx. 8,663 sf of commercial space and a 500 sf 1BD apartment.
Shorter‑term leases provide flexibility for owner‑user or developer.
Located in the rapidly growing City of Buellton.

Overview

This landmark building, formerly 'Monighetti's Feedstore', offers an incredible opportunity for a winery, brewery owner-user, or adaptive re-use. Located on Buellton's Avenue of the Flags, in the heart of the Santa Ynez Valley, the 9,136 square foot building includes approximately 8,663 square feet of commercial space and a 500 square foot one-bedroom apartment. Situated on a 0.46 acre CR (General Commercial) zoned lot, the property features ample parking and outdoor space. The property is located in the rapidly growing City of Buellton. All leases are shorter-term, providing a great opportunity for an owner-user or creative developer. Vacant parcels on either side of the subject property are also potentially available for sale.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$219.3k	$24.00
− Vacancy	−$16.4k	−$1.80
EGI	$202.8k	$22.20
− OpEx	−$60.8k	−$6.66
NOI	$142.0k	$15.54

9,136 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.03M

$1.77M – $2.37M (±1% cap)

NOI $141,973 @ 7.0% cap · market cap 5.36%

Second Best

Industrial

$799.3K

$699.4K – $932.5K (±1% cap)

NOI $55,949 @ 7.0% cap · market cap 2.11%

Theoretical Best

Multifamily LT 5

$2.87M

$2.51M – $3.35M (±1% cap)

NOI $200,719 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Location Insight

Map
Local Demand

City: Buellton
County: Santa Barbara
State: California
Longitude: -120.191
Latitude: 34.6176

Nearby Similar for Sale

$5,900,000

20,000 SF

Santa Ynez Valley Ranch

62+ acre ranch with wine production facility and multiple residences.

8669 Santa Rosa Rd, Buellton, CA 93427

View Details
$2,650,000

9,136 SF

Buellton Landmark Building Opportunity

9,136 SF commercial space on .46 acre lot.

545 Ave of Flags, Buellton, CA 93427

View Details

For sale
Hotels
CA
Buellton
93427
545 Avenue Of The Flags

What type of property is this?

Hotel - Winery/brewery or adaptive reuse opportunity in Santa Ynez Valley.

Where is this hotel located?

The property is located at 545 Avenue Of The Flags Buellton, CA.

What is the asking price?

The asking price for this property is $2,650,000.

What are key features of this property?

This property features: Landmark 9,136 sf building in the heart of Santa Ynez Valley on Buellton's Avenue of the Flags.; Suitable for winery, brewery, owner‑user, or adaptive re‑use.; .46 acre CR (General Commercial) zoned lot with ample parking and outdoor space.