3887 State Street, SANTA BARBARA, CA 93105 (MLS# 12-3481)

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3887 State Street, SANTA BARBARA, CA 93105

$3,800,000

Overview of property: includes 3885 and 3887 State St.: motel ad office building with side parking and large parking lot behind.

Map of Property and Surrpounding La Cumbre Plaza area in San Roque.

The City of Santa Barbara has approved plans (good until 2015) to build 30 residential lofts/condos (2 and 3 bedroom) + commercial office space and join 3885 and 3887 State St. Visit www.3885state.com for more info.

Mountain Views From Second Floor of Office (Looking toward State St.)

Manager's Live-in Apt and Office Included.

State St. Frontage: 3885 and 3887 State St. Commerical/Motel/Retail Space; Approved Luxury Condos

Front Entrance to Mirasol Office Building: State St. Frontage

Property Type: Commercial Sale Square Footage: 22,250 Lot Size (sq. ft.): 48,224 Status: Closed

Current Price: $3,800,000 List Date: 11/09/2012 Last Modified: 9/16/2024

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

Country: US Compass Map: Santa Barbara Map Grid: L11 Cross Street: La Cumbre Rd District: 20 - SB/WEST OF STATE Street #: 3887 Street Name: State Street Suffix: Street State: CA Postal Code: 93105 County: Santa Barbara Parcel Number: 051-022-033

Contract Info

Buyers Agent $/%: 2.25 Current Price: $3,800,000 Price: 4125000 Begin Date: 2012-11-09 Status: Closed

Property Information

For Sale/Lease: For Sale Year Built: 1968 Stories: 2 #Offices: 48 Gross Sq Ft: 22250 Nt Rt Sq Ft.: 15589 Apx Lot SqFt: 48224 Apx # Acres: 1.49 TYP: Business Total SqFt.: 22250

Assessor's Data

Assessor SqFt: 0 Assessor Lot Acres: 1.16

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: price 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

Condition

Good: 1

Business Info

% Currently Leased: 80 Sales/Lse BK: Sale St. Signage: 1 Lease Term: Month to Month

Amenities

Views: 1 Cable TV: 1 Meter/Gas: 1 Meter/Elec: 1 Meter/Wtr: 1

Use

Office: 1 Retail/Commercial: 1 Residential: 1 Mixed Use: 1 Other: 1

Zoning

C-2: 1

Terms

Cash: 1

Listing Type

ER: 1

Business Type

Service: 1 Bus Other: 1

Parking

Uncovrd: 1 Pub/Lot: 1

Contingent Remarks

CONTACT AGENT: 1

Status Change Info

Sold Date: 2014-01-23 Sold Price: $3,800,000 Under Contract Date: 2013-09-12

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: September - 16 - 2024

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