$1,675,000
$2,195,000
23.7%For more information regarding the value of a property, please contact us for a free consultation.
425 1st ST Solvang, CA 93463
0.49 Acres Lot
Key Details
Sold Price $1,675,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI20067895
Sold Date 05/21/20
HOA Y/N No
Year Built 1976
Lot Size 0.490 Acres
Acres 0.49
Property Description
Boutique Hotel development in the downtown tourist corridor of Solvang, California. Sale includes existing 3 story retail structure and plans to convert to Hotel Chaparral, a 25 room luxurious hotel with a restaurant, bar and large decks.
The site currently has about 15,600 SF of building improvements consisting of 3 buildings, one of which is equipped with an elevator. The existing buildings have the 18th Century Northern European charm that Solvang tourists enjoy and come to see.
The existing structure could also be redeveloped into vacation rentals, public market, office, retail or mixed use with any combination of these. This property has lots of possibilities and enormous potential with its great “location, location, location.”
Location
State CA
County Santa Barbara
Area Vang - Solvang
Zoning TRC
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Level, Rectangular Lot
Water Public
Others
Tax ID 139192024
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Christine Demirtshian • Premier Agent Network