201 W Montecito Street, SANTA BARBARA, CA 93101 (MLS# 22-376)

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201 W Montecito Street, SANTA BARBARA, CA 93101

$8,900,000

Property Type: Commercial Sale Square Footage: 12,700 Lot Size (sq. ft.): 20,473 Status: Closed

Current Price: $8,900,000 List Date: 2/10/2022 Last Modified: 4/24/2025

Overview

Description

Made up of a consortium of uses & members, the subject property located at 201 W. Montecito St. in Santa Barbara, CA is home to The Hangar, the region's premier private business club. The offering presents a sophisticated investor the opportunity to own a landmark piece of Santa Barbara bound by a long-term lease term through February, 2028. Comprising over 12,700 square feet, the property is well-situated just a few blocks from State Street, the bustling Funk Zone district, and Santa Barbara's historic West Beach neighborhood with its iconic boutique hotels, cottages, apt buildings, restaurants, & of course, glistening West Beach. The Hangar was specifically designed by avid car collectors for car collectors, climate controlled car storage, offices, meeting and recreational space.

Listing Details MLS# 22-376

Location Info

District: 20 - SB/WEST OF STATE
Street #: 201
Dir: W
Street Name: Montecito
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-032-006
Cross Street: RR Tracks/Bath St.

Contract Info

Price: 9000000
Buyers Agent $/%: 2
Begin Date: 2022-02-10

Property Information

TYP: Business
For Sale/Lease: For Sale
#Offices: Yes
Total SqFt.: 12700
Apx Lot SqFt: 20473

Owner Info

Deposit: 270000

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2022-06-03
Under Contract Date: 2022-04-01

More Information

Zoning

C-2: Yes
Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: C-2; Other Terms: Cash; Conventional Listing Type: ER

Documents

Offering Memorandum ›

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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