431 State St - Restaurant FOR SALE


Santa Barbara, CA 93101- Lower State
$1,750,000 USD
431 State St, Santa Barbara, CA for Sale
$1,750,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

431 State St
Santa Barbara, CA 93101
Lower State


HIGHLIGHTS

  • Rare owner-user or investment opportunity along evolving State Street
  • Positioned to benefit from major UCSB investment & nearby planned entertainment venues
  • Prime downtown location just a few blocks from the Funk Zone & waterfront

OVERVIEW

FIRST TIME ON MARKET IN MORE THAN 60 YEARS. Well located downtown restaurant available for sale for the first time in more than 60-years. Located just a short distance from the Wharf. This part of State Street is in the midst growth and change as a result of the investments UCSB has made with their purchase of the 80-unit apartment building and Meeting Hall across the Street. As well as two music venues planned for the former “Casa Blanca restaurant” on Gutierrez & State Streets. This is an opportunity for a owner/user or investor to take advantage of the growing energy of what is taking place in this area and along State Street.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$934 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,613 SF

ZONING

Commercial

APN/PARCEL ID

037-211-008

ASK ABOUT THIS PROPERTY

Michael ChenowethRadius Commercial Real EstateMore Info

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