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INVESTMENT HIGHLIGHTS
- Excellent Downtown Santa Barbara Location with Balcony overlooking State St
- Highly versatile building loaded with Charm and Character
- Phenomental Upgraded Condition
- Possible Residential Use Upstairs for a Live/Work situation
EXECUTIVE SUMMARY
Fantastic downtown Santa Barbara quintessential Spanish Style commercial building for sale located in the heart of the 500 block of State St. Perfectly located across from Hotel Santa Barbara and close to the trendy Drift Hotel. This split level, highly versatile building is in beautifully upgraded condition with recessed lighting, new split HVAC units, stylish bathrooms, rear courtyard/patio, 12 foot ceilings on 1st floor and 8' ceilings on 2nd floor, and features a beautiful staircase with original iron work! The 1st floor is suitable for a variety of commercial uses, & the upstairs has the versatility of a myriad of uses, and is currently used as a lovely residential unit with skylight, upgraded full bathroom, and a wonderful balcony overlooking State St! A true gem!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,750 SF
Building Class
B
Year Built
1929
Price
$2,250,000
Price Per SF
$818.18
Tenancy
Single
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.05 AC
Zoning
M - C - Retail, restaurant, residential
AMENITIES
- 24 Hour Access
- Courtyard
- Skylights
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,881,828 | |
| Land Assessment | $995,731 | Total Assessment | $2,877,559 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$995,731
Improvements Assessment
$1,881,828
Total Assessment
$2,877,559
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532 State St
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