1031 State St - Loft/Creative Space FOR SALE


Santa Barbara, CA 93101
$4,865,000 USD
805-898-4392
1031 State St, Santa Barbara, CA for Sale
$4,865,000 USD
Loft/Creative Space - FOR SALE
1/5
null | 5% Cap Rate

1031 State St
Santa Barbara, CA 93101


OVERVIEW

This renovated historic building in the heart of downtown Santa Barbara provides an amazing opportunity for either owner-user or an investor. The two-level office portion features a mix of open space and private offices, kitchenette, conference room and second-floor balcony with lots of natural light and views overlooking State Street. The iconic restaurant space was renovated in 2022 and features an authentic pizza oven, expansive opening windows and doors to provide an indoor/outdoor dining experience, and a beautiful patio along State St. The restaurant is leased to the world renowned L’ Antica Pizzeria Da Michele through mid-2032. Steps to local attractions like the Granada Theatre and Santa Barbara County Courthouse; a short drive to the beach, Funk Zone, Cottage Hospital and the harbor. Price: $4,865,000 Cap Rate: 5% (pro forma) Size: Restaurant 2,508 SF Office 4,256 SF Total 6,764 SF Leases: L’Antica Pizzeria leased through May ‘2032 Office available 2/1/24; call listing agent for rent roll Land Size: 5,663 SF APN: 039-281-012 Floors: Two Fire Sprinklers: Yes, throughout Parking: Public lots behind the property with first 75 minutes free Kitchen: Yes, office kitchenette and fully-equipped commercial kitchen in restaurant Restrooms: Four Showings: Call Listing Agents

FOR SALE DETAILS

PRICE

$4,865,000 USD

PRICE/SF

$1,143 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-2

APN/PARCEL ID

039-281-012

ASK ABOUT THIS PROPERTY

Dylan WardHayes Commercial GroupMore Info
805-898-4392

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Dylan WardHayes Commercial GroupMore Info
805-898-4392

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.