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117-135 E Ortega Street, SANTA BARBARA, CA 93101

$8,550,000
Property Type: Comm/Ofc Square Footage: 15,933 Status: Closed
Current Price: $8,550,000 List Date: 6/02/2022 Last Modified: 4/11/2023

Description

Prominent corner in downtown Santa Barbara that includes 2 parcels totaling 1.06 Acres with 280 ft. of street frontage. Development onsite includes a 2-story office building, a 1-story office building, a double arch Quonset Hut, & a 2-story residence known as the Garretson House built in 1890, which is a potential city landmark. The residence is currently occupied by a month-to-month tenant. The single story office building & Quonset hut are currently occupied by Pacific Acoustics North and the 2-story office building is currently vacant. According to the DMI Land Use Analysis, the site is located within the City's Priority Housing Overlay district that would allow up to 66 residential units.

More Information MLS# 22-1796

Location Info

District: 15 - SB/EAST OF STATE Street #: 117-135 Dir: E Street Name: Ortega Street Suffix: Street State/Province: CA Postal Code: 93101 Compass Map: Santa Barbara Map Grid: O12 County: Santa Barbara Parcel Number: 031-081-021 Cross Street: Santa Barbara St.

Contract Info

Current Price: $8,550,000 Price: 8250000 Buyers Agent $/%: 2.5 Begin Date: 2022-06-02 Status: Closed

Property Information

TYP: Commercial For Sale/Lease: For Sale #Offices: 2 Total SqFt.: 15933

Owner Info

Deposit: 247500

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2023-04-11 Sold Price: $8,550,000 Under Contract Date: 2022-09-19

Property Features

Zoning: Other Terms: Cash; Ctnl Listing Type: ER

Documents

Listing Office: Radius Group Commercial R.E.
Last Updated: April - 11 - 2023
117-135 E Ortega Street, SANTA BARBARA, CA 93101- MLS# 22-1796
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

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