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1327 De la Vina St
Santa Barbara, CA 93101 West Downtown Santa Barbar

Rate Upon Request

Land For Lease  •  0+ SF

Property Details

  • Property Type Land
  • Zoning C2
60 Transit Score
70 Walk Score

1 Space Available

Name Space Use Size Rent Details
Unkwn Floor Ste - 0.2 AC Rate Upon Request 
How The Lease Option Works — In Plain English

1.  Lease it Sign a 2-year NNN lease at $10,000/month and take possession immediately. 
2.  Lock the price The purchase option fixes today’s price — $2,350,000 — for the full two years. Whatever value you create in the meantime, the price does not move.
3.  Create value Use the term to entitle a residential/mixed-use project — and sublease the existing building and yard while you do (with Lessor consent; no uses with environmental impact) — or establish and grow your own business on site.
4.  Close when ready Exercise the option during the lease term and close — pairing the purchase with construction financing or owner-user financing, arranged on your timeline.

Summary Of Lease-Option Terms:
Structure Two-year NNN lease with a fixed-price purchase option.
Monthly Rent $10,000 per month, NNN (tenant pays taxes, insurance & maintenance).
Option Price $2,350,000 — fixed for the full term.
Option Window Exercisable during the lease term (final window per option agreement.

PATH 1 — DEVELOPER: ENTITLE, THEN BUY:

Control the site for $10K/month while you entitle apartments — no land loan, no equity outlay.
Sublease the existing building while entitling (with Lessor consent) — cut your net carry roughly in half.
Entitlement value you create accrues to you — the price is already fixed.

PATH 2 — OWNER/USER: OCCUPY, THEN OWN
•  Move your business in now; buy the property in 2028 at a price you already know.
•  Two years to prove the location before committing capital — option, not obligation.
•  Owner-occupant financing at exercise — SBA-style low down payments after two years in occupancy.

Subleasing & Due Diligence-
Subleasing:  permitted with Lessor consent — designed for a developer offsetting carry during entitlement; uses with environmental impact are excluded.
Available upon request:  Phase I ESA (Aug 2025), Phase II subsurface soil report (Sep 2025), hoist-removal closure report (Feb 2026), preliminary title report, topographic survey, floor plan, and land use survey.

  • Date available: Now
  • Lease term: 2 Years
  • Service type: None
  • Space Type: Relet

Description 

1327 De La Vina Street presents a rare infill development and owner-user opportunity in downtown Santa Barbara. The ±8,712-square-foot parcel is zoned C-G (Commercial General) and includes an existing ±1,502-square-foot flex building with three roll-up doors, providing immediate functionality while future plans are evaluated. The property is currently vacant and available for immediate possession.

Positioned along De La Vina Street near State Street, Alameda Park, Santa Barbara Public Market, and the city's downtown commercial core, the site benefits from proximity to major retail, dining, hospitality, and employment destinations. The property's location places it within one of Santa Barbara's most established urban neighborhoods, offering convenient access to regional transportation routes, public transit, and a wide range of daily amenities.

The parcel is located within the City of Santa Barbara's Average Unit Density (AUD) Priority Housing Overlay, an area identified for higher-density residential development opportunities. Buyers may explore residential, mixed-use, commercial expansion, or owner-user strategies, subject to verification and approvals from the City of Santa Barbara. Supporting due diligence materials, including environmental reports, a topographic survey, and a land use survey, are available.

Contact Listing Agents for further details.

Highlights

Located in Downtown Santa Barbara.
Potential residential, mixed-use, or commercial redevelopment opportunity.
Near State Street, Santa Barbara Public Market, and Alameda Park.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
5 min - 1.5 mi
14 min - 9.0 mi
AirportDriveWalkDistance
Santa Barbara Municipal 13 min - 9.1 mi
Steve Golis 805-698-0174 Radius Commercial Real Estate
Steve Golis 805-698-0174 Radius Commercial Real Estate