1533 State Street, Santa Barbara, CA, 93101 - Available for Sale

Hotel & Motel For Sale

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1533 State Street

1533 State Street, Santa Barbara, CA 93101

$7,700,000

9,100 SF | Hotel & Motel

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Market & Deli

Hotel / Motel For Sale

Price:
$7,700,000
Building Size:
9,100 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Net Lease Investment with
10+ years left on lease
No. Stories:
1
Tenancy:
Multiple
Year Built:
2003
Lot Size:
18,879 SF
Zoning Description:
C-2
Listing ID
14472144
Last Updated
6 days ago

Find Out More...

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.

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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Major Tenant Information

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

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1533 State Street
  • Hotel & Motel
  • $7,700,000
  • 9,100 SF