240 Highway 246Buellton, CA 93427

Property Details for 240 Highway 246

Lot size

1.87 AC

Property size (Sq ft)

25,556 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

137-200-081

APU

137200081

Description

This 938-square-foot office suite is located in the thriving River Oak Plaza in Buellton, California. Situated on a prominent corner lot at 240 E Hwy 246, this single-tenant space boasts exceptional visibility and accessibility. The open floor plan is bright and airy, featuring numerous windows that provide ample natural light. This makes it an ideal location for a variety of businesses seeking a pleasant and attractive workspace. The property is conveniently located just one block from Highway 101, providing easy access to Santa Barbara, Santa Maria, the Santa Ynez Valley, and Lompoc. River Oak Plaza is a well-established commercial center, home to a diverse mix of businesses including Neary Chiropractic, Olive Grove Charter School, Farmers Insurance, and Zaca Coffee. Its strategic location on a busy thoroughfare, coupled with its proximity to major retailers like Albertsons and CVS, ensures high foot traffic and excellent brand exposure. This suite is perfect for businesses seeking a high-visibility location in a growing community. The property is classified as both Creative and Traditional Office space and is located in Santa Barbara County, zip code 93427.

• CAP approach

  CAP return

  Valuation

  6%

  $9,438,037

  6.5%

  $8,712,035

  7%

  $8,089,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,532,580

  Geo Method

  $7,532,580

• Alternative Use

  Use

  Valuation

  Residential

  $8,712,035

  Hospitality

  $7,980,177

  Educational

  $6,639,414

  Medical

  $6,867,753

  Retail

  $10,327,976

Location Insight

City

Buellton

County

Santa Barbara

State

California

Latitude

34.6098

Longitude

-120.187

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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