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431 State St 2,489 SF Retail Building Santa Barbara, CA 93101 $1,750,000 ($703.09/SF)
Investment Highlights
- Rare owner-user or investment opportunity along evolving State Street
- Prime downtown location just a few blocks from the Funk Zone & waterfront
- Positioned to benefit from major UCSB investment & nearby planned entertainment venues
Executive Summary
FIRST TIME ON MARKET IN MORE THAN 60 YEARS.
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 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. As well as two music venues planned for the former “Casa Blanca restaurant” on Gutierrez & State Streets. This is an opportunity for a owner/user or investor to take advantage of the growing energy of what is taking place in this area and along State Street.
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 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. As well as two music venues planned for the former “Casa Blanca restaurant” on Gutierrez & State Streets. This is an opportunity for a owner/user or investor to take advantage of the growing energy of what is taking place in this area and along State Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,489 SF
Building Class
B
Year Built
1975
Price
$1,750,000
Price Per SF
$703.09
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.06 AC
Zoning
Commercial
Amenities
- Restaurant
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 037-211-008 | Improvements Assessment | $239,705 |
| Land Assessment | $123,936 | Total Assessment | $363,641 |
Property Taxes
Parcel Number
037-211-008
Land Assessment
$123,936
Improvements Assessment
$239,705
Total Assessment
$363,641
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431 State St
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