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$4,000,000
1029 /1031 State St
SANTA BARBARA, CA 93101
MLS# 21-4094
6593 sqft


1029 /1031 State St, SANTA BARBARA, CA 93101
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Property Description
With the shops and restaurants of the State Street corridor well within reach, this downtown restaurant/office building provides an amazing opportunity for either a restaurant owner-user or an investor. The two-level remodeled office portion features a kitchen, conference room, private offices, second-floor balcony, and large open area filled with natural light courtesy of generous skylights and views overlooking State Street. The retail portion, currently operated as a restaurant, provides the iconic restaurant space with a beautiful patio along State and was fully renovated in 2018. The space is currently leased on a month-to-month basis and is potentially available as a turn-key space for an owner-user. See 'more'

Details
Maps
Documents
Location Info
District: 20 - SB/WEST OF STATE
Street #: 1029 /1031
Street Name: State
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 039-281-120
Cross Street: W Figueroa St
Contract Info
Current Price: $4,000,000
Price: 4000000
Begin Date: 2021-11-09
Status: Active
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Gross Sq Ft: 6593
SqFt.: 6593
Remarks
COVID Showing Remarks: Price: $4,000,000 Cap Rate: 5.84% (pro forma) Size: Restaurant 2,337 SF Office 4,256 SF Total 6,593 SF Leases: Call listing agent for rent roll Land Size: 5,663 SF APN: 039-281-12 Floors: Two Elevator: No Parking: Public lots behind the property with first 75 minutes free See 'more'
Hot Sheet Comment: new
Property Features
Zoning: C-2
Terms: Other
Listing Type: ER
Supplements
Steps to local attractions like the Granada Theatre and Santa Barbara County Courthouse; a short drive to the beach, Funk Zone, Cottage Hospital, the harbor, and Santa Barbara City College. Kitchen: Yes, office kitchenette and fully-equipped commercial kitchen, remodeled in 2018 Restrooms: Four Showings: Call Listing Agents

Listing Office: Hayes Commercial Group

Last Updated: December - 01 - 2021

1029 /1031 State St, SANTA BARBARA, CA 93101 - MLS# 21-4094

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.