Owner User or Redevelopment Opportunity

For Sale

517 Chapala St, Santa Barbara, CA 93101

This Santa Barbara property for sale is located at 517 Chapala St. The current listed sale price for Owner User or Redevelopment Opportunity is $2,500,000. Owner User or Redevelopment Opportunity is situated on a lot that is 0.26 square feet in size.

Contacts

Austin Herlihy
Chris Parker
Mike Lopus
Miles Waters
Mike Chung

Property Details

  • Property Type Other
  • Property Size 1,400 SF
  • Lot Size 0.26 SF
  • Date Updated Sep 29, 2026

517 Chapala Street is an entitled redevelopment site in the deart of downtown Santa Barbara, one block off State Street. The ±11,325 SF lot (0.26 acres) is zones C2 and currently operates as a used car dealership, but its value lies in what comes next. The seller holds entitlements for a residential development, giving the next owner a head start if they choose to carry those plans forward, or the flexibility to take the site in a different direction. Contact the listing team for entitlement details.

The timing aligns with a wave of institutional investment reshaping the downtown core. UC Regents acquired a property directly across the street last year, and Yardi Systems is relocting its corporate headquarters to Paseo Vuevo two bloscks away, bringing roughly 600 employees into the immediate area. With stron Chapala Street frontage, walkable access to State Street retail, the Amtrak station, and the waterfront, and residential demand runnioong well ahead of supply, 517 Chapala offers a rare shovel ready position in one of California's most supply constrained coastal markets.

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Getting around

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  • 51/100

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Location

  • City Santa Barbara, CA
  • Neighborhood West Downtown Santa Barbara
  • Zip Code 93101
  • Market Central Coast

Points of Interest

  • Santa Barbara

    0.31 miles

  • Zoo Train

    1.84 miles

  • SBA Economy Lot 3

    7.86 miles

  • SBA Economy Lot 2

    7.90 miles

  • SBA Terminal

    7.92 miles

  • SBA Economy Lot 1

    7.93 miles

  • Goleta

    8.46 miles

  • Chevron

    0.39 miles

  • Santa Barbara Gas

    0.47 miles

  • ChargePoint

    0.62 miles

  • eVgo

    0.75 miles

  • Arco

    1.02 miles

  • Fuel Depot

    1.78 miles

  • True Zero

    3.40 miles

  • Conserv Fuel

    3.41 miles

  • Village Service Station

    3.94 miles

  • City Lot #12

    0.20 miles

  • City Lot #10

    0.23 miles

  • Cota Commuter Lot

    0.29 miles

  • Santa Barbara Historical Society Parking

    0.35 miles

  • City Lot #2

    0.38 miles

  • Ralphs

    0.48 miles

  • City Lot #3

    0.50 miles

  • City Lot #8

    0.51 miles

  • Pershing Parking Lot

    0.53 miles

  • Carrillo Commuter Lot

    0.56 miles

  • Holiday Inn Express Santa Barbara

    0.09 miles

  • Hotel Santa Barbara

    0.10 miles

  • Haley Hotel

    0.20 miles

  • The Wayfarer

    0.30 miles

  • Hotel Indigo Santa Barbara

    0.39 miles

  • Eagle Inn

    0.40 miles

  • Brisas Del Mar, Inn At The Beach

    0.41 miles

  • Canary, a Kimpton Hotel

    0.42 miles

  • Avania Inn of Santa Barbara

    0.44 miles

  • Franciscan Inn

    0.45 miles

  • Paseo Nuevo Mall

    0.28 miles

  • Nordstrom

    0.30 miles

  • Santa Cruz Market

    0.33 miles

  • Smart & Final

    0.36 miles

  • Marshalls

    0.39 miles

  • Tino's Italian Grocery

    0.46 miles

  • Ralphs

    0.47 miles

  • Presidio Liquor Market and Deli

    0.80 miles

  • Chapala Market

    0.98 miles

  • Trader Joe's

    1.10 miles

Contact Owner User or Redevelopment Opportunity
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