Abundant water & a rare slope advantage parcel combined with the best zoning Santa Barbara has to offer. With enough water to build up to a 68-unit hotel or build residential and/or commercial condominiums. Optimally located, 30 minutes from the world-famous Santa Barbara wine country, where US Hwy 101, Hwy 154 & State Street intersect, this 1.71-acre parcel is one of State Street's last large, unimproved parcels for development. The property is situated in the northern State Street commercial corridor in Santa Barbara & boasts a General Commercial land use designation & Mixed-Use zoning designation. The MU zone was established as a special purpose zone applied to areas that have been identified as well suited for mixed use development.