Rare opportunity to acquire a versatile ''Flex Property'' (Industrial, Retail, Office) or redevelop the site to accommodate residential units for mixed use on a large parcel in one of Santa Barbara's most desirable locations. The property features a functional, small-footprint building, ideal for an owner-user seeking efficiency & flexibility. The oversized lot provides valuable yard space, parking, & potential for expansion, while also presenting a unique opportunity to potentially add residential units (buyer to verify). This combination of flexibility of use with development upside is extremely rare in today's supply-constrained market. Well-suited for a variety uses, the property offers both immediate usability and long-term value creation.