22 E Montecito Street, SANTA BARBARA, CA 93101 (MLS# 26-2271)

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22 E Montecito Street, SANTA BARBARA, CA 93101

$3,600,000

22-East-Montecito-Street-&-227-Anacapa-S

Property Type: Commercial Sale Square Footage: 4,000 Lot Size (sq. ft.): 20,472 Status: Active

Current Price: $3,600,000 List Date: 7/08/2026 Last Modified: 7/08/2026

Overview

Description

A rare ground lease investment opportunity in the heart of Santa Barbara's Funk Zone with freeway frontage -- one of the Central Coast's most dynamic & sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income stream with zero landlord responsibilities. No expenses, no management, no surprises - just pure, unencumbered cash flow from day one. Ground leased, absolute NNN investments of this caliber in a market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property. Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.

Listing Details MLS# 26-2271

Location Info

District: 15 - SB/EAST OF STATE
Street #: 22
Dir: E
Street Name: Montecito
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Number: 033-052-019
Cross Street: Helena Ave

Contract Info

Price: 3600000
Begin Date: 2026-07-08

Property Information

TYP: Retail
For Sale/Lease: For Sale
#Offices: Yes
Total SqFt.: 4000
Apx Lot SqFt: 20472
Apx # Acres: 0.36

Owner Info

Deposit: 3
Deposit Type: %

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: July - 08 - 2026

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