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331 N Milpas Street, Santa Barbara, CA

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331 N Milpas Street

Santa Barbara, CA 93103 - N Santa Barbara/Goleta Submarket

(460.5 KB)

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1962
Building Size:8,416 SF Land Area:.28 AC (12,197 SF)
For Sale Price:$4,500,000 Price/SF:$534.70
Cap Rate:-
Parking:17 Surface spaces are available; Ratio of 2/1,000 SF

Sale Notes:
A rare opportunity to own one of the few freestanding retail/office buildings along this major commercial corridor. This high-visibility property is centrally located, across the street from CVS and a block from the new Trader Joe' s. Offering 15 on-site parking spaces, the two-story building is in shell condition with flexible floor plates for a variety of uses, excellent natural light, large glass entrances, and updated bathrooms and building systems.

Building consists of 4,067 square feet of ground floor retail/office space and 4,349 of second floor office/retail space.

The building is available for lease $2.15 PSF NNN for the ground floor and $1.75 PSF NNN for the second floor

High visibility location - 28,640 CPD
Great onsite parking
Low vacancy rates for both retail and office on Milpas Street
Recent building upgrades completed

The Becker Group
Jeff R Becker
(805) 653-6794

Hayes Commercial Real Estate
Christos Celmayster
(805) 898-4388

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