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$49,000,000
527-533 State St
SANTA BARBARA, CA 93101
MLS# 21-1818
Status: Pending



527-533 State St, SANTA BARBARA, CA 93101
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527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101 527-533 State St, SANTA BARBARA, CA 93101

Property Description
Once in a lifetime opportunity to acquire the Hotel Santa Barbara, a trophy, Santa Barbara landmark w/high-quality architectural detail, located in the well-traveled downtown area, five blocks from the ocean and Stearns Wharf pier. Located on the popular Lower State Street corridor, it is surrounded by numerous restaurants, shopping venues, and entertainment such as theaters and art galleries. The hotel is situated on a 25,000 sf lot and features 75 guest rooms, a lobby, and 6 ground-level retail spaces along State Street anchored by Starbucks Coffee at the immediate corner. The single U-shaped building is served by a rear surface parking lot with 23 spaces. Size of the improvements are approx 6,105 sf for the retail, roughly 39,305 sf for the hotel portion, & 41,410 sf total.

Details
Maps
Documents
Location Info
District: 20 - SB/WEST OF STATE
Street #: 527-533
Street Name: State
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 037-172-001
Cross Street: Cota St
Contract Info
Current Price: $49,000,000
Price: 49000000
Begin Date: 2021-05-20
Status: Pending
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Year Built: 1926
Stories: 4
#Retail: 6
Gross Sq Ft: 45410
Apx Lot SqFt: 25000
Apx # Acres: 0.57
Owner Info
Deposit: 2
Remarks
Directions: South corner of State St & Cota St
Hot Sheet Comment: new
Status Change Info
Under Contract Date: 2021-07-15
Business Info
Current Use: Hotel/Retail
Property Features
Use: Other
Zoning: C-M
Condition: Excellent
Parking: Uncovrd
Amenities: Views; Elevator
Terms: Cash; Ctnl
Listing Type: ER
Supplements
In addition to the six ground-floor retail tenants, there is a roof-top cell-tower installation. Included in the hotel is also a small basement totaling approx 1,220 sf. The hotel itself features a lobby, two meeting rooms, and a small kitchen used for a lobby breakfast service (currently on hold due to COVID-19).

Listing Office: Berkshire Hathaway Home Services California Properties

Last Updated: July - 16 - 2021

527-533 State St, SANTA BARBARA, CA 93101 - MLS# 21-1818

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