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MAJOR PRICE REDUCTION 525 Anacapa St 10,723 SF Office Building Santa Barbara, CA 93101 $5,450,000 ($508.25/SF)
INVESTMENT HIGHLIGHTS
- MAJOR PRICE REDUCTION: NOW OFFERED AT $5,450,000 ($508/SF)
- Excellent Investor or Owner-User Opportunity.
- Parking: attached to public lot.
- Approx. 10,723 SF building well-positioned between downtown, Funk Zone and Lagoon District/Haley Corridor.
- Flexibility for a wide range of uses.
EXECUTIVE SUMMARY
MAJOR PRICE REDUCTION | 525 Anacapa Street presents a unique opportunity to acquire a substantial ±10,723 SF building in the heart of Downtown Santa Barbara. Ideally positioned just steps from State Street, the property offers unmatched access to the city’s dining, shopping, and cultural amenities while benefiting from strong visibility and a highly walkable location.
This asset provides a flexible platform for a wide range of uses. An owner-user can establish a flagship headquarters in one of the most desirable downtown corridors. A value-add investor can reposition the property to capture market upside through modernization, re-leasing, or creative reconfiguration. The building’s size and layout also make it an excellent conversion/adaptive re-use candidate.
With its location, scale, and multiple potential strategies, 525 Anacapa Street is a rare chance to secure a generational investment in the core of Santa Barbara.
This asset provides a flexible platform for a wide range of uses. An owner-user can establish a flagship headquarters in one of the most desirable downtown corridors. A value-add investor can reposition the property to capture market upside through modernization, re-leasing, or creative reconfiguration. The building’s size and layout also make it an excellent conversion/adaptive re-use candidate.
With its location, scale, and multiple potential strategies, 525 Anacapa Street is a rare chance to secure a generational investment in the core of Santa Barbara.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
10,723 SF
Building Class
B
Year Built
1974
Price
$5,450,000
Price Per SF
$508.25
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,361 SF
Building FAR
1.64
Lot Size
0.15 AC
Zoning
M-C
1 1
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 037-173-045 | Improvements Assessment | $4,468,252 |
| Land Assessment | $1,682,847 | Total Assessment | $6,151,099 |
PROPERTY TAXES
Parcel Number
037-173-045
Land Assessment
$1,682,847
Improvements Assessment
$4,468,252
Total Assessment
$6,151,099
CONTACTS
-
Paul Gamberdella -
Gene Deering -
Frank Gamberdella -
Radius Commercial Real Estate
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MAJOR PRICE REDUCTION | 525 Anacapa St
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