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628 S McClelland St 3 Acres of Commercial Land Offered at $3,517,500 CAD in Santa Maria, CA 93454
Investment Highlights
- Approximately 3 acres of land providing a substantial development footprint.
- Accessible to established commercial, residential, and employment areas throughout the city.
- Positioned within a market supported by agriculture, manufacturing, healthcare, retail, and service-sector employment.
- Located within the City of Santa Maria, a major economic center in northern Santa Barbara County.
- Flexible site configuration suitable for a range of future development concepts, subject to zoning and entitlement review.
- Opportunity to acquire a large infill parcel within an established Central Coast community.
Executive Summary
628 S. McClelland is a rare opportunity to acquire a centrally located, flexible-use parcel in one of Santa Maria's most actively transitioning districts. It represents the only available large undeveloped lot in the downtown area. The +/-3.0 acre parcel, formerly part of the historic Santa Maria Valley Railroad, is strategically located within the City's designated Railroad Loft District, a key component of the Downtown Specific Plan. The district was established to create a vibrant connection corridor linking downtown Santa Maria to Allan Hancock College.
The immediate area has experienced significant revitalization, highlighted by the development of the Santa Maria Transit Center (2011) and Hancock Terrace Apartments (2015), positioning the site within a dynamic and evolving urban environment. Surrounding uses include a blend of newly constructed residential projects alongside legacy industrial buildings- many of which present adaptive reuse potential. This site offers a wide range of development possibilities including live/work lofts, student housing, and retail and mixed-use concepts, or light industrial or adaptive reuse projects.
The property generates approximately $15,000 annually in gross rental income from short-term leases, providing holding income while entitlements or redevelopment plans are pursued.
The immediate area has experienced significant revitalization, highlighted by the development of the Santa Maria Transit Center (2011) and Hancock Terrace Apartments (2015), positioning the site within a dynamic and evolving urban environment. Surrounding uses include a blend of newly constructed residential projects alongside legacy industrial buildings- many of which present adaptive reuse potential. This site offers a wide range of development possibilities including live/work lofts, student housing, and retail and mixed-use concepts, or light industrial or adaptive reuse projects.
The property generates approximately $15,000 annually in gross rental income from short-term leases, providing holding income while entitlements or redevelopment plans are pursued.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$21,105
|
$7,035.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,105
|
$7,035.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $21,105 |
| Annual Per AC | $7,035.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $21,105 |
| Annual Per AC | $7,035.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $3,517,500 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C-2 - C-2 zoning means General Commercial or Community Commercial zoning. It allows a wide range of retail stores, offices, and service businesses that serve the whole community, rather than just one neighborhood | ||
| Price | $3,517,500 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.00 AC |
| Opportunity Zone |
Yes |
| Zoning | C-2 - C-2 zoning means General Commercial or Community Commercial zoning. It allows a wide range of retail stores, offices, and service businesses that serve the whole community, rather than just one neighborhood |
1 Lot Available
Lot
| Price | $3,517,500 CAD | Lot Size | 3.00 AC |
| Price Per AC | $1,172,499.95 CAD |
| Price | $3,517,500 CAD |
| Price Per AC | $1,172,499.95 CAD |
| Lot Size | 3.00 AC |
628 S. McClelland Street presents an approximately 3-acre land opportunity within Santa Maria, one of California’s most established commercial and agricultural markets on the Central Coast.
Description
The property's scale provides flexibility for a variety of potential development or owner-user scenarios, subject to verification of zoning, entitlements, and municipal approvals. Its location within the Santa Maria market positions future users to benefit from proximity to established residential neighborhoods, local services, and major commercial corridors that connect the city throughout the Central Coast region.
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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628 S McClelland St
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