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.
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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