Active
$1,750,000
431 State St · Santa Barbara
$2k sqft0.07 ac lotAPN 037-211-008
RetailZoned C-2Owner-occupied
ABOUT THIS PROPERTY
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 of 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, plus two music venues planned for the former Casa Blanca restaurant on Gutierrez and State Streets. Opportunity for owner/user or investor to take advantage of the growing energy of this area and State Street.
FINANCIALS
Price per sqft$703/sqft
Advanced cap rate expansion / NOI modeling coming soon in the Commercial Analysis tool.
PROPERTY SPECIFICS
PARCEL BOUNDARY
View parcel outline on SB County GIS
APN 037-211-008
Commercial investment analysis
Full cap rate expansion, NOI modeling, 10-year cash flow projection, and exit strategies coming to Mondos this fall.
Listed by Radius Group Commercial R.E. · MLS 26-1602