701 Linden Avenue, CARPINTERIA, CA 93013
$5,650,000
Property Type:
Commercial Sale
Square Footage:
10,604
Lot Size (sq. ft.):
11,325
Status:
Closed
Current Price:
$5,650,000
List Date:
12/06/2022
Last Modified:
10/17/2024
Description
Located in the heart of downtown Carpinteria, The Palms building has been the anchor of Linden Avenue for decades.Zoned for multiple uses, the property has recently received conceptual approval from the City to become a 17-room boutique hotel, bar & restaurant, subject to a full set of plans being reviewed and approved.Since 1912, 701 Linden has had a prominent place in Carpinteria & most recently housed the beloved Palms Restaurant; a gathering place for locals & destination for tourists.The bldg consists of a large restaurant downstairs with several individual rms on the 1st & 2nd floor.The space offers incredible flexibility for a new owner to create an exceptional venue.Today, downtown Carpinteria is undergoing a rejuvenation, & now is the time to take The Palms into its next chapter.
More Information MLS# 22-114
Location Info
Country: US
Compass Map: Carpinteria
Map Grid: G7
Cross Street: 7th Street
District: 05 - CARPINTERIA-SUMMERLAND
Street #: 701
Street Name: Linden
Street Suffix: Avenue
State: CA
Postal Code: 93013
County: Santa Barbara
Parcel Number: 003-311-007
Contract Info
Buyers Agent $/%: 2.5
Current Price: $5,650,000
Price: 7750000
Begin Date: 2022-01-14
Status: Closed
Property Information
For Sale/Lease: For Sale
Year Built: 1910
Stories: 2
#Offices: 1
Gross Sq Ft: 10604
Apx Lot SqFt: 11325
TYP: Business
Owner Info
Deposit: 3
Remarks
COVID Showing Remarks: Broker/Agent does not guarantee the accuracy of square footage, bed/bath count, lot size, permit info, descriptions or other info re: conditions/features of property. Buyer is advised to verify the accuracy of all info thru inspections and consultations w/ professionals.
Hot Sheet Comment: price
Directions: Take exit 86B from the 101 and head southwest on Linden Ave. 701 Linden Ave. is on the right.
Condition
Fair: 1
Business Info
Seating Cap: 117
Doing Business As: The Palms
Use
Restaurant: 1
Residential: 1
Mixed Use: 1
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Business Type
Restaurant: 1
Parking
Pub/Lot: 1
Reservd: 1
Other: 1
Franchise
No: 1
Status Change Info
Sold Date: 2023-06-05
Sold Price: $5,650,000
Under Contract Date: 2023-05-25
Property Features
Use: Restaurant; Residential; Mixed Use
Business Type: Restaurant
Zoning: Other
Condition: Fair
Parking: Pub/Lot; Reservd; Other
Franchise: No
Terms: Cash; Conventional
Listing Type: ER
Documents
701 Linden_Offering Memorandum ›
Listing Office:
Berkshire Hathaway HomeServices California Properties
Last Updated: October - 17 - 2024
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