This property is Off-Market

1533 State Street
Santa Barbara, CA 93101 ·

Hotel & Motel For Sale

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1533 State Street

Price N/A No. Stories 1
Building Size 9,100 SF Tenancy Multiple
Property Type Hotel & Motel Year Built 2003
Property Sub-type Economy/Limited Service Lot Size 18,879 SF
Property Use Type Net Lease Investment with 10+ years left on lease Zoning Description C-2
Listing ID: 14472144 Date Created: 01/20/2006 Last Updated: 01/21/2015

Description

A prime 18,879 sq.ft. property with a 9,100 free-standing set of buildings, strip mall style of fee simple property in downtown Santa Barbara consisting of 2 Spanish tiled bldg totalling 9, 100 sq.ft. plus the dynamic business CANTWELL"S MARKET which is a slot machine for cash-flow in metropolitan Santa Barbara. Property and business included.

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Highlights

  • 5.5$ CAP with Development potential
  • Excellent Downtown Santa Barbara Location
  • $400,000 Net Income Annually
  • Drawings and Plans Available for Development, currently a work in progress
  • Seller will carry 1st or 2nd T.D. for Qualified Buyer
  • Retail - officespace of 3,100 sq. ft. currently available for owner-occupant on ground level.

Research

1533 State Street, Santa Barbara, CA 93101 (Santa Barbara County)

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