1220 State, SANTA BARBARA, CA 93101 (MLS# 18-422)

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1220 State, SANTA BARBARA, CA 93101

$3,250,000

Property Type: Commercial Sale Square Footage: 5,786 Lot Size (sq. ft.): 5,226 Status: Closed

Current Price: $3,250,000 List Date: 2/27/2018 Last Modified: 9/16/2024

Overview

Description

Multi-tenant commercial building for sale in the heart of Santa Barbara’s theatre district. This classic Spanish-style retail/office building has been very well maintained and features second floor offices and ground floor retail adjacent to the Granada Theatre and Granada Parking Garage. This is a rare opportunity for an investor or owner/user to acquire a multi-use building in this AAA location. In addition, the rear portion of the parcel is currently used as parking, but given the building is in the 100% zone-of-benefit, that area could be developed for additional upside. See the proposed common area site plan improvements that will also enhance the building’s value and presentation. Please do not disturb the existing tenants and see the enclosed lease summary for details.

Listing Details MLS# 18-422

Location Info

District: 15 - SB/EAST OF STATE
Street #: 1220
Street Name: State
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 039-183-060
Cross Street: Victoria

Contract Info

Price: 3325000
Buyers Agent $/%: 2.5
Begin Date: 2018-02-06

Property Information

TYP: Business
For Sale/Lease: For Sale
#Offices: 10
Gross Sq Ft: 5786
Apx Lot SqFt: 5226

Owner Info

Deposit: 99750

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2018-05-04
Under Contract Date: 2018-03-06

More Information

Business Info

Sales/Lse BK: Sale

Condition

Average: Yes

Amenities

Elevator: Yes

Use

Office: Yes
Retail/Commercial: Yes

Zoning

C-2: Yes

Terms

Conventional: Yes

Listing Type

EA: Yes

Parking

Pub/Lot: Yes
Other: Yes

Property Features

Use: Office; Retail/Commercial Zoning: C-2 Condition: Average Parking: Pub/Lot; Other Amenities: Elevator Terms: Conventional Listing Type: EA

Documents

Flyer ›

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 16 - 2024

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