Property Description

Fantastic development opportunity in the growing Central Coast community of Buellton, California. The Commons project is fully entitled with the City of Buellton for the retail/entertainment project known as "The COMMONS." The Commons is a 54,000 square foot retail/entertainment development with a tenant mix that is focused on the craft beverage industry, local and regional restaurants, unique food vendors and artisan retailers.

All plans, studies, reports and permits are included in the sale. This project is ready for an investor/developer to break ground and complete the project, modify it to suit their own needs, or add in a residential component. The possibilities are endless. Up through this phase of the project, The COMMONS has received over 45 Letters of Intent from local and regional tenants wanting to be part of the project.

The COMMONS is located within a 10-minute walk of nearly 750 existing hotel rooms (including a 160-unit full-service Marriott property) and 214 hotel rooms planned across the street from the Marriott Hotel. It is also a 10-minute drive from more than 1,600 hotel rooms within the Santa Ynez Valley.