Your search results

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

Overview

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.

Listing Details MLS# 22-114

Location Info

District
05 - CARPINTERIA-SUMMERLAND
Street #
701
Street Name
Linden
Street Suffix
Avenue
State
CA
Country
US
Postal Code
93013
Compass Map
Carpinteria
Map Grid
G7
County
Santa Barbara
Parcel Number
003-311-007
Cross Street
7th Street

Contract Info

Price
7750000
Buyers Agent $/%
2.5
Begin Date
2022-01-14

Property Information

TYP
Business
For Sale/Lease
For Sale
Year Built
1910
Stories
2
#Offices
Yes
Gross Sq Ft
10604
Apx Lot SqFt
11325

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.
Directions
Take exit 86B from the 101 and head southwest on Linden Ave. 701 Linden Ave. is on the right.
Hot Sheet Comment
price

Status Change Info

Sold Date
2023-06-05
Under Contract Date
2023-05-25

More Information

Business Info

Seating Cap
117
Doing Business As
The Palms

Condition

Fair
Yes

Use

Restaurant
Yes
Residential
Yes
Mixed Use
Yes

Zoning

Other
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Business Type

Restaurant
Yes

Parking

Pub/Lot
Yes
Reservd
Yes
Other
Yes

Franchise

No
Yes

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
IDX
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: October - 17 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

Compare Listings

Call Now Button