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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

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.

More Information MLS# 18-422

Location Info

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

Contract Info

Buyers Agent $/%: 2.5 Current Price: $3,250,000 Price: 3325000 Begin Date: 2018-02-06 Status: Closed

Property Information

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

Owner Info

Deposit: 99750

Remarks

Hot Sheet Comment: new

Condition

Average: 1

Business Info

Sales/Lse BK: Sale

Amenities

Elevator: 1

Use

Office: 1 Retail/Commercial: 1

Zoning

C-2: 1

Terms

Conventional: 1

Listing Type

EA: 1

Parking

Pub/Lot: 1 Other: 1

Status Change Info

Sold Date: 2018-05-04 Sold Price: $3,250,000 Under Contract Date: 2018-03-06

Property Features

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

Documents

Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: September - 16 - 2024
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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