Downtown Carpinteria Owner-User Opportunity 1155 Eugenia Pl 18,000 SF Vacant Office Building Carpinteria, CA 93013 $6,507,500 CAD ($361.53 CAD/SF)

PROPERTY OVERVIEW
Located in the heart of downtown Carpinteria, just one block off Linden Avenue, 1155 Eugenia Place offers a rare opportunity to acquire a premier coastal asset with both immediate usability and long-term upside. The approx. 18,000 square foot two-story office building features abundant natural light, private outdoor areas, and sweeping mountain views, all within walking distance to Carpinteria’s vibrant shops, restaurants, and beaches.
The property benefits from convenient access to Highway 101 and is surrounded by a strong mix of amenities and established businesses, making it an ideal location for both employees and visitors.
Offered vacant, the property presents a compelling opportunity for an owner-user, investor, or developer to capitalize on its highly desirable location and flexible use potential. 1155 Eugenia Place is well-suited for professional firms, medical users, education, or regional headquarters seeking a coastal presence with on-site parking and walkable amenities.
ZONING & DEVELOPMENT POTENTIAL
In May 2025, the City of Carpinteria rezoned 1155 Eugenia Place to the Residential Mixed-Use (RMU-20/25) designation as part of its Housing Element update, positioning the property as a targeted infill site for higher-density residential or mixed-use development. The existing approximately 18,000-square-foot office building remains a legal nonconforming use under the new zoning, allowing continued commercial occupancy while providing flexibility for future repositioning.
Ownership may elect to maintain or adaptively reuse the current improvements, pursue a mixed-use redevelopment incorporating residential density incentives, or consider multi-family housing strategies aligned with state housing programs. This regulatory framework creates a compelling opportunity to balance near-term income potential with long-term redevelopment upside in a supply-constrained coastal market.
PRICING & MARKET OVERVIEW
Offered at $4,750,000 ($264 PSF), 1155 Eugenia Place represents a unique opportunity within a tightly held coastal market where larger office properties rarely come available. Comparable sales are limited, with the most relevant being the nearby sister property at 1145 Eugenia Place, which sold in 2020 for $9,000,000 ($363.31/SF). While market conditions have evolved, the subject property’s location, scale, and newly established zoning flexibility position it well within the current landscape. For buyers seeking a foothold in downtown Carpinteria, the offering provides a balanced opportunity with both near-term usability and longer-term potential.