524 State Street, SANTA BARBARA, CA 93101 (MLS# 18-4095)

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524 State Street, SANTA BARBARA, CA 93101

$5,700,000

Property Type: Commercial Sale Square Footage: 13,241 Lot Size (sq. ft.): 5,662 Status: Closed

Current Price: $5,700,000 List Date: 11/15/2018 Last Modified: 4/24/2025

Overview

Description

Iconic State Street building, prominently located in the center of Santa Barbara's downtown entertainment district and surrounded by hotels, restaurants and night clubs. Great retail exposure with over 45 feet of building frontage and adjacent to abundant public parking in the rear. Developable into a variety of attractive uses under the current C-M zoning including hotel, retail, restaurant, office and other similar uses. All offers to be presented in LOI format.

Listing Details MLS# 18-4095

Location Info

District: 15 - SB/EAST OF STATE
Street #: 524
Street Name: State
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 037-173-039
Cross Street: Cota Street

Contract Info

Price: 5700000
Buyers Agent $/%: 2
Begin Date: 2018-11-15

Property Information

TYP: Business
For Sale/Lease: For Sale
Stories: 3
#Offices: 31
Total SqFt.: 13241
Apx Lot SqFt: 5662

Owner Info

Deposit: 178500

Remarks

Hot Sheet Comment: price

Status Change Info

Sold Date: 2020-02-14
Under Contract Date: 2019-08-22

More Information

Condition

Good: Yes

Use

Retail/Commercial: Yes

Zoning

C-M: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking

Pub/Lot: Yes

Property Features

Use: Retail/Commercial Zoning: C-M Condition: Good Parking: Pub/Lot Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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