517 Chapala Street, SANTA BARBARA, CA 93101 (MLS# 26-3136)

517 Chapala Street, SANTA BARBARA, CA 93101

$2,500,000

Property Type: Commercial Sale Lot Size (sq. ft.): 11,326 Status: Active

Current Price: $2,500,000 List Date: 9/17/2026 Last Modified: 9/17/2026

Overview

Description

517 Chapala Street is an entitled 0.26-acre redevelopment site in downtown Santa Barbara, one block off State Street. The ±11,325 SF C2-zoned lot currently operates as a car dealership, with residential entitlements providing a head start or flexibility for a new vision. Institutional investment is reshaping the area, including UC Regents' acquisition across the street and Yardi's HQ relocation nearby, bringing 600 employees into the district. With strong frontage and walkable access to State Street, Amtrak, and the waterfront--and with housing demand far outpacing supply--517 offers a rare shovel-ready opportunity in a highly constrained coastal market.

Listing Details MLS# 26-3136

Location Info

District: 20 - SB/WEST OF STATE
Street #: 517
Street Name: Chapala
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Nbr: 037-163-025
Cross Street: E. Cota

Contract Info

Price: 2500000
Begin Date: 2026-09-17

Property Information

TYP: Retail
For Sale/Lease: For Sale
#Offices: Yes
Apx # Acres: 0.26

Owner Info

Deposit: 3
Deposit Type: %

Remarks

Hot Sheet Comment: new

More Information

Property Features

Zoning: C-2 Terms: Cash; Conventional Listing Type: ER

Listing Office: Colliers International Greater Los Angeles, Inc.

Last Updated: September - 17 - 2026

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