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1316 State St
Santa Barbara, CA 93101
Retail Property For Sale
Investment Highlights
- Beautiful Downtown Santa Barbara "State Street" High traffic count
Executive Summary
A true pillar of Santa Barbara, A bucket list. A place to go hangout. Breathtaking wedding venue on the weekends & high end coffee crêpes and plates throughout the week.
About Petros Restaurant. Located downtown Santa Barbara, on State Street across from the historic Arlington, VILLA & VINE by Petros is reminiscent of a villa and garden courtyard in the sun-soaked Riviera. With crawling ivy, olive trees, fountain and fireplace, VILLA & VINE by Petros is the romantic wedding venue you've been dreaming of.
About Petros Restaurant. Located downtown Santa Barbara, on State Street across from the historic Arlington, VILLA & VINE by Petros is reminiscent of a villa and garden courtyard in the sun-soaked Riviera. With crawling ivy, olive trees, fountain and fireplace, VILLA & VINE by Petros is the romantic wedding venue you've been dreaming of.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Building Class
B
Year Built
1997
Price
$5,700,000
Price Per SF
$1,583.33
Cap Rate
5.06%
NOI
$288,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.15 AC
Zoning
C-2 - Commercial
Frontage
Amenities
- Courtyard
- Signage
Property Taxes
| Parcel Number | 039-133-001 | Improvements Assessment | $3,551,390 |
| Land Assessment | $1,894,072 | Total Assessment | $5,445,462 |
Property Taxes
Parcel Number
039-133-001
Land Assessment
$1,894,072
Improvements Assessment
$3,551,390
Total Assessment
$5,445,462
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