Just one block from the sand and located within Santa Barbara’s vibrant Hotel Corridor, this nearly half-acre property offers a rare blend of existing income, flexible use, and long-term potential. With 12,826 square feet across two industrial-style buildings, the site includes high ceilings, upstairs/downstairs office areas, and 14 parking spaces. It’s currently divided into four units—two leased, two vacant—with re-configuration options and the possibility of vacant delivery, subject to lease buyouts. Zoned R 3 and situated in the Coastal Zone, the property is ideal for redevelopment—especially for hospitality or short term rental use, which is allowed here. Steps from East Beach, the Santa Barbara Zoo, and Highway 101, the site also sits next to Dwight Murphy Field, which begins a $30+?million renovation in 2025, bringing major upgrades by 2026 including sports fields, an all-abilities playground, and expanded public amenities. Family-owned for over 50 years, this is a legacy offering with exceptional potential in one of Santa Barbara’s most desirable coastal neighborhoods.