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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
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437 2nd St
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