$2,000,000
About this home
425 1st Street in Solvang presents a rare 21,344 SF VMU (Village Mixed Use) development site located just one block from Copenhagen Drive in the heart of the city's high-traffic tourism corridor. The property, formerly the Water Wheel building and scheduled for demolition, offers a true clean-slate opportunity for a variety of uses including boutique hotel, mixed-use, residential, or senior housing. Positioned within the highly desirable Santa Ynez Valley, the site benefits from strong tourism demand, walkability to shops, restaurants, and tasting rooms, and a significant lack of new boutique hotel supply. VMU zoning provides flexibility for multiple development strategies, with potential to increase density through California State Density Bonus Law (buyer to verify).
Facts & features
- Bathrooms
- 0 full, 0 half
- Lot size
- 0.49 acres (21,344 sq ft)
- View
- City Lights, Park Greenbelt, Mountains
- Area
- VANG - Solvang
- County
- Santa Barbara
- Status
- Active
- Property type
- Land
- Days on market
- 8
- Listed
- 2026-04-27
- Parcel #
- 139192024
- MLS #
- 26816075
