1031 State St, Santa Barbara, CA 93101
6,764 SF | Vacant | Office Building | Santa Barbara, CA 93101 | $4,865,000 ($719/SF) | 5% Cap Rate
For Sale
Active
Asking Price $4,865,000
- Property Type
-
Office, Restaurant
- Square Feet
- 6,764 SF
- Price / Square Foot
- $719
Listing Contacts
- Property Info
Property Overview
This renovated historic building in the heart of downtown Santa Barbara provides an amazing opportunity for either owner-user or an investor. The two-level office portion features a mix of open space and private offices, kitchenette, conference room and second-floor balcony with lots of natural light and views overlooking State Street. The iconic restaurant space was renovated in 2022 and features an authentic pizza oven, expansive opening windows and doors to provide an indoor/outdoor dining experience, and a beautiful patio along State St. The restaurant is leased to the world renowned L’ Antica Pizzeria Da Michele through mid-2032. Steps to local attractions like the Granada Theatre and Santa Barbara County Courthouse; a short drive to the beach, Funk Zone, Cottage Hospital and the harbor.
Price: $4,865,000
Cap Rate: 5% (pro forma)
Size: Restaurant 2,508 SF
Office 4,256 SF
Total 6,764 SF
Leases: L’Antica Pizzeria leased through May ‘2032 Office available 2/1/24; call listing agent for rent roll
Land Size: 5,663 SF
APN: 039-281-012
Floors: Two
Fire Sprinklers: Yes, throughout
Parking: Public lots behind the property with first 75 minutes free
Kitchen: Yes, office kitchenette and fully-equipped commercial kitchen in restaurant
Restrooms: Four
Showings: Call Listing Agents
Price: $4,865,000
Cap Rate: 5% (pro forma)
Size: Restaurant 2,508 SF
Office 4,256 SF
Total 6,764 SF
Leases: L’Antica Pizzeria leased through May ‘2032 Office available 2/1/24; call listing agent for rent roll
Land Size: 5,663 SF
APN: 039-281-012
Floors: Two
Fire Sprinklers: Yes, throughout
Parking: Public lots behind the property with first 75 minutes free
Kitchen: Yes, office kitchenette and fully-equipped commercial kitchen in restaurant
Restrooms: Four
Showings: Call Listing Agents
Property Details
- Class
- B
- Year Built
- 1939
- Stories
- 2
- Property Subtype
- Loft/Creative Space
- Lot Size (sq. ft)
- 5,663 SF
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