3887 State Street, SANTA BARBARA, CA 93105
$3,800,000
Property Type:
Comm/Ofc
Square Footage:
22,250
Lot Size (sq. ft.):
48,224
Status:
Closed
Current Price:
$3,800,000
List Date:
11/09/2012
Last Modified:
4/19/2019
Description
Prime Mixed-Use C 2 Commercial zoning! 3885 and 3887 State St. are being sold together. Rare opportunity to purchase 48 Unit income-producing office building with 80 + prking + 12 motel on 1.49 acres in ideal location! City Approved Plans for 30 Residential Loft Condos. New SB City Ordinance = potential to build 90 + apts! Ideal for renovating into large hotel, apt complex or ???
More Information MLS# 12-3481
Location Info
District: 20 - SB/WEST OF STATE
Street #: 3887
Street Name: State
Street Suffix: Street
State/Province: CA
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: L11
County: Santa Barbara
Parcel Number: 051-022-033
Cross Street: La Cumbre Rd
Contract Info
Current Price: $3,800,000
Price: 4125000
Buyers Agent $/%: 2.25
Begin Date: 2012-11-09
Status: Closed
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Year Built: 1968
Stories: 2
#Offices: 48
Gross Sq Ft: 22250
Nt Rt Sq Ft.: 15589
Total SqFt.: 22250
Apx Lot SqFt: 48224
Apx # Acres: 1.49
Assessor's Data
Assessor Lot Acres: 1.16
Owner Info
Deposit: 3
Remarks
Directions: From Highway 101 exit La Cumbre Rd. Turn right at State St. Property is immediately after Galleria, on the right hand side of st. First driveway is office building, next is Plaza Motel. Turn in either
Hot Sheet Comment: price
Status Change Info
Sold Date: 2014-01-23
Sold Price: $3,800,000
Under Contract Date: 2013-09-12
Business Info
% Currently Leased: 80
Sales/Lse BK: Sale
Lease Term: Month to Month
Property Features
Business Info: St. Signage
Use: Office; Retail/Commercial; Residential; Mixed Use; Other
Business Type: Service; Bus Other
Zoning: C-2
Condition: Good
Parking: Uncovrd; Pub/Lot
Amenities: Views; Cable TV; Meter/Gas; Meter/Elec; Meter/Wtr
Terms: Cash
Listing Type: ER
Contingent Remarks: CONTACT AGENT
Listing Office: Sterling Properties
Last Updated: April - 19 - 2019
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