425 1st Street
Property Overview
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).
Home Details
- Property type
- Land
- Lot size
- 21,344 sq ft
- Days on market
- 8
- MLS status
- Active
Location & Neighborhood
Frequently Asked Questions About 425 1st Street
Property type: Land
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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