MAJOR PRICE REDUCTION

11,083 SF | 73% Leased | Retail Building | Goleta, CA 93117 | $11,995,000 ($1,082/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $11,995,000

Property Type
Retail, Restaurant
Square Feet
11,083 SF
Price / Square Foot
$1,082

Listing Contacts

Bob Tuler
Bob Tuler
Verified Profile
Gene Deering
Gene Deering
Verified Profile
Paul Gamberdella
Paul Gamberdella
Verified Profile
Justin Diem
Justin Diem
Verified Profile
  • Property Info

Property Overview

MAJOR PRICE REDUCTION | Two prominent Retail/Office buildings for sale comprising approximately 32,932 SF on a 2.25 AC lot, adjacent to several major national retailers, the campus of the University of California, Santa Barbara and Goleta’s burgeoning high-tech employment corridor. Strategically positioned near the bustling intersection of Storke Rd. & Hollister Ave. (approx. 50,876 VPD), the property enjoys close proximity to the US 101 Fwy, airport and myriad shopping & dining amenities, creating an ideal location for both retail and office tenants.
The sale includes entitled plans for an extensive remodel featuring:
• Detailed refinement of exterior, evoking the agrarian heritage of the Goleta Valley
• Building rights for new approx. 1,379 SF utility building at 260 Storke Rd. which provides an opportunity to explore converting the space to retail / restaurant use
• ADA, CA Title 24 accessible elevators
• Enlargement of project square footage to approx. 34,514
Please contact Listing Agents for details.

Property Details

Class
C
Year Built
1980
Stories
2
Property Subtype
Storefront Retail/Office, Bank, Medical
Lot Size (sq. ft)
98,010 SF

Highlights

  • MAJOR PRICE REDUCTION | NOW $364/SF
  • Adjacent to major national retailers.
  • Parking: 138 existing spaces (4/1,000).
  • Sprinklers & HVAC included.
  • Sale includes entitled plans for an extensive remodel.
  • Approx. 2.25 acre lot.

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