428 State St - Storefront Retail/Residential FOR SALE


Santa Barbara, CA 93101
$1,995,000 USD
805-689-2429
428 State St, Santa Barbara, CA for Sale
$1,995,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 4.52% Cap Rate

428 State St
Santa Barbara, CA 93101


HIGHLIGHTS

  • Rare Mixed Use - Retail/Residential Property in Santa Barbara Downtown Core.
  • Fully Leased Investment Property to one tenant.
  • Beautifully Remodeled Retail Space in excellent condition

OVERVIEW

100% leased single tenant mixed use investment property located in Santa Barbara's downtown core. Property is leased to one tenant who occupies the upstairs 930 SF residential unit and the street level 1555 SF retail space. The retail space is on a new 5 year lease, and is in beautiful, remodeled condition, and occupied by Venture Gear, a lifestyle clothing boutique founded in South Lake Tahoe.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$803 USD /SF

CAP RATE

4.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C-M

APN/PARCEL ID

037-212-002,037-212-026

ASK ABOUT THIS PROPERTY

Mitchell StarkBerkshire Hathaway Commercial DivisionMore Info
805-689-2429

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Mitchell StarkBerkshire Hathaway Commercial DivisionMore Info
805-689-2429

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