Attention Builders & Developers !Incredible and rare opportunity to purchase a property with this amazing downtown location & zoning. First time on the market since 1930. The Donaldson & Shubin development located a few doors down at 414 Anacapa has started a revitalization in the 400 block of Anacapa St.428 Anacapa St offers the best zoning you could possibly ask for in this location. The CM zoning allows you to build out to the highest and best use. The options for buildout are: condo's, apartments, Mixed-use, office, single family residences & retail. Additional features and benefits: two existing cottages, 2 bedrooms 1 bath each both in poor condition, 2 car garage. Two water meters, 6534 SF lot, 1 block to State St, 2 blocks to Funk Zone, 4 blocks to beaches. Walking score ''