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Downtown Retail Bldg Zoned C-G 706 State St 2,079 SF Retail Building Santa Barbara, CA 93101 $1,750,000 ($841.75/SF)

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Investment Highlights

Strong pedestrian traffic.
Immediate proximity to top retailers.
Features skylights and exposed brick wall.

High visibility.
Occupancy: current tenants lease expires 12/31/2026. They pay $8,270 a month gross for the rest of the term.

Executive Summary

706 State Street is a rare opportunity to acquire a premier property in the heart of downtown Santa Barbara’s iconic State Street corridor. The property benefits from exceptional visibility, strong pedestrian traffic, and immediate proximity to top retailers, restaurants, hotels, and cultural destinations that drive consistent local and tourist activity. The current tenant is scheduled to vacate at the end of the year, providing a buyer with near-term flexibility to reposition, re-tenant, or occupy the property. This creates a compelling opportunity for an investor or owner-user to capture upside in a supply-constrained, high-barrier-to-entry coastal market. As State Street continues its recovery and evolution, 706 State Street offers long-term value, strong fundamentals, and irreplaceable downtown Santa Barbara real estate.

706 State St | Santa Barbara, CA 93101