216 W Cabrillo Boulevard, SANTA BARBARA, CA 93101 (MLS# 26-694)

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216 W Cabrillo Boulevard, SANTA BARBARA, CA 93101

$5,750,000

216-W-Cabrillo-Boulevard-Santa-Barbara-C

Property Type: Commercial Sale Square Footage: 3,257 Lot Size (sq. ft.): 9,147 Status: Active

Current Price: $5,750,000 List Date: 3/05/2026 Last Modified: 3/05/2026

Overview

Description

A rare opportunity to acquire a premier, income-producing coastal asset in the heart of Santa Barbara. The property is fully leased to Chad's Restaurant, a long-standing and well-recognized local operator (est. 1957), providing stable base rent with additional upside through a percentage-rent structure tied directly to sales performance. Situated along Santa Barbara's iconic waterfront corridor, the property benefits from exceptional visibility, strong foot traffic, and immediate proximity to West Beach, the Harbor, Stearns Wharf, and downtown amenities. This irreplaceable location, combined with a proven tenant and built-in revenue growth potential, positions 216 W. Cabrillo Boulevard as a true trophy investment in one of California's most supply-constrained coastal markets.

Listing Details MLS# 26-694

Location Info

District: 20 - SB/WEST OF STATE
Street #: 216
Dir: W
Street Name: Cabrillo
Street Suffix: Boulevard
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Number: 033-092-010
Cross Street: Bath St.

Contract Info

Price: 5750000
Begin Date: 2026-03-05

Property Information

TYP: Retail
For Sale/Lease: For Sale
#Offices: Yes
Total SqFt.: 3257
Apx Lot SqFt: 9147

Owner Info

Deposit: 172500

Remarks

Hot Sheet Comment: new

Zoning

Other: Yes

More Information

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

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

Listing Office: Radius Group Commercial R.E.

Last Updated: March - 05 - 2026

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