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Leased Trophy Investment Property 216 W Cabrillo Blvd 3,257 SF Retail Building Santa Barbara, CA 93101 $5,750,000 ($1,765.43/SF)
Investment Highlights
- 4.43% (based upon % rent and 2025 revenue).
- Kitchen equipment: three (3) walk-ins, 600 amps of power.
- Building size: ±3,257 SF
- 15 parking spaces.
- Liquor license: beer & wine (Type 41), owned by lessee.
Executive Summary
216 W. Cabrillo Blvd offers a rear opportunity to acquire a premier, income producing coastal asset in the heart of Santa Barbara. The property is fully leased to Chad's Restaurant, a long-standing and well-recognized local operator (est. 1957), providing stable base rent with additional upside through a percentage-rent structure tied directly to sales performance. Situated along Santa Barbara’s iconic waterfront corridor, the property benefits from exceptional visibility, strong foot traffic, and immediate proximity to West Beach, the Harbor, Stearns Wharf, and downtown amenities. This irreplaceable location, combined with a proven tenant and built-in revenue growth potential, positions 216 W. Cabrillo Boulevard as a true trophy investment in one of California’s most supply-constrained coastal markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,257 SF
Building Class
B
Year Built
1950
Price
$5,750,000
Price Per SF
$1,765.43
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.21 AC
Zoning
HRC-1 - HRC-1 (Hotel Related Commerce I)
Parking
20 Spaces (6.99 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | 033-092-010 | Improvements Assessment | $555,387 |
| Land Assessment | $1,528,177 | Total Assessment | $2,083,564 |
Property Taxes
Parcel Number
033-092-010
Land Assessment
$1,528,177
Improvements Assessment
$555,387
Total Assessment
$2,083,564
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Leased Trophy Investment Property | 216 W Cabrillo Blvd
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