Log In/Sign Up
Your email has been sent.
437 2nd St 6,911 SF 100% Leased Retail Building Solvang, CA 93463 $3,999,000 ($578.64/SF)
Investment Highlights
- Downtown Solvang
- Retail, Hotel, and Restaurant use upside
- Detailed Danish Architecture
- Exclusive Owner Penthouse with four stop elevator
- Great potential upside in rental income
Executive Summary
This stunningly designed downtown Solvang commercial building showcases outstanding architectural details and an impressive penthouse with a private elevator spanning four floors. The penthouse includes three bedrooms, two fireplaces, and Douglas fir beams, vaulted ceilings, and breathtaking city and mountain views. You will find a 30 plus seat restaurant with patio, and five retail and office spaces, ideal for conversion into vacation rental units, complemented by a carport and onsite parking. ADA-compliant restrooms are available, along with a one-bedroom short-term rental unit that generates income and high ratings. This unique property is perfect for downtown owner-occupied living, offering additional rental income potential and conveniently located across from the Solvang Festival Theater.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$23,000
|
$2.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$23,000
|
$2.80
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $2.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $2.80 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,911 SF
Building Class
B
Year Built
1981
Price
$3,999,000
Price Per SF
$578.64
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.99
Lot Size
0.16 AC
Zoning
TRC - Tourist Related Commercial.. Northern European architecture allows for mixed use, tourist related, hotel uses, and residential.
Parking
8 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
50’ on 2nd St
Amenities
- Signage
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Airbnb and Vrbo
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Airbnb and Vrbo | - | - | - | - |
Walk Score®
Walker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-191-012 | Improvements Assessment | $589,060 |
| Land Assessment | $351,689 | Total Assessment | $940,749 |
Property Taxes
Parcel Number
139-191-012
Land Assessment
$351,689
Improvements Assessment
$589,060
Total Assessment
$940,749
1 of 41
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
437 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.