Current Use by Public Records
- Land
Property Details for 455 Patterson Ave
- Property type
- Land
Description
This exceptional 3.39-acre commercial land parcel, located at 455 & 465 S Patterson Ave in Goleta, California (93111), presents a unique investment opportunity. Priced at $7,380,000 ($170 per square foot), this property boasts an approved development plan for 44,313 square feet of commercial space, suitable for a variety of uses. The existing parcel (APN 071-140-075) is approved for splitting. The OI (Office & Institutional) zoning allows for diverse development options, including life sciences, medical office, technology, research and development, and engineering facilities. Situated adjacent to Cottage Hospital, Sansum Clinic/Sutter Health, and Google, this location benefits from exceptional visibility and proximity to a significant concentration of healthcare and technology businesses. The property is not located in a flood zone and is not impacted by flight paths once the new flight path is implemented. With a population exceeding 186,000 within a 20-minute drive, this site offers unparalleled access to a large and affluent market. The approved plans allow for the construction of either two buildings or a single building up to 44,313 square feet. This is a rare opportunity to acquire a fully entitled commercial development site in a high-demand location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goleta
- County
- Santa Barbara
- State
- California
- Longitude
- -119.811
- Latitude
- 34.432
