314 Edison Avenue, SANTA BARBARA, CA 93103 (MLS# 23-1771)

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314 Edison Avenue, SANTA BARBARA, CA 93103

$1,909,526.50

Property Type: Commercial Sale Square Footage: 4,280 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $1,909,526.50 List Date: 6/19/2023 Last Modified: 4/24/2025

Overview

Description

Rare industrial building in Santa Barbara with M-1 zoning! Ideal for an Owner-User or Investor. The property includes an industrial bay with a roll-up door, four (4) built-out interior offices, two (2) restrooms, and a gated driveway with multiple private parking spaces. Current owner will leaseback the building at $1.75 PSF NNN for 1-year lease term, with a 1-year option, equating to a 4.5% CAP rate (said leaseback is open to negotiation).

Listing Details MLS# 23-1771

Location Info

District: 15 - SB/EAST OF STATE
Street #: 314
Street Name: Edison
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 031-632-013
Cross Street: E. Montecito St.

Contract Info

Price: 1995000
Buyers Agent $/%: 2.5
Begin Date: 2023-06-19

Property Information

TYP: Business
For Sale/Lease: For Sale
#Offices: 4
Total SqFt.: 4280
Apx Lot SqFt: 5227

Owner Info

Deposit: 59850

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2023-08-09
Under Contract Date: 2023-07-12

More Information

Zoning

M-1: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: M-1 Terms: Cash; Conventional Listing Type: ER

Documents

Flyer ›

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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