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Santa Barbara Multi-Tenant Investment Opportunity
For Sale
$6,750,000

3609 State St, Santa Barbara, CA 93105

Multi-tenant investment opportunity in Santa Barbara's San Roque neighborhood.

Property Size10,650 SF
Days on Market142

Property Features for 3609 State St

General Information

Standard status Active
Size 10,650 SF
Property subtype Commercial

Building Details

Building Size 10,650 SF
Units 8
Listed By: Anthony Boyajian
Source: Elliman
Added: Apr 24 Changed: Sep 11 Last Checked: Sep 12 at 8:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anthony Boyajian

Investment Insights

Based on property information with market context.

This multi-tenant investment opportunity is located in Santa Barbara's San Roque neighborhood. The location benefits from a customer base, high traffic volume, and proximity to grocery stores such as Whole Foods, Gelson’s, and Bristol Farms. The center features a mix of businesses, including home improvement, restaurants, personal high tech devices, financial services, and self improvement/wellness/beauty services. National brands such as Baskin Robbins and T-Mobile are present, along with local businesses such as Sleep Shoppe, TriCounty Blinds, and Salt Salon. Many tenants have been long-term residents of Ontare Plaza, with some operating at the location for over 13 years. Baskin Robbins has been a community presence for over 30 years, and Rudy’s Mexican Restaurant for almost 40 years. The property is located in an area with a walk score of 75, indicating it is very walkable, and a bike score of 57, indicating it is bikeable. The transit score is 38, indicating some transit options are available.

Key Highlights

  • Multi‑tenant investment opportunity in the desirable San Roque neighborhood.
  • Located in a premier high‑end trade area with high traffic and an affluent customer base.
  • Diverse tenant mix including national brands and local businesses.

Property Analytics

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Current Use

SALT Color x ... Hair Salon Santa Barbara County ... Furniture & Home Goods Big City Futons Home Decor Store Red Studio - Hair ... Hair Salon Chiccleats (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith HVAC Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,461
Businesses Nearby
294k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 35% Groceries 22% Shops & Services 20% Apparel 20%
Macy's Apparel
54,801 visits/mo 0.5 miles
Chick-fil-A Dining
45,919 visits/mo 0.2 miles
Whole Foods Market Groceries
37,644 visits/mo 0.3 miles
Gelson's Market Groceries
26,694 visits/mo 0.3 miles
Jack in the Box Dining
14,199 visits/mo 0.3 miles

Demographics for 93105, CA

26,003
Population
11,401
Households
2.3
Avg Household Size
49
Median Age
60%
College-Educated
94%
High-School Grad
139.8 sq mi
ZIP Area
186
Density / Sq Mi
$129,549
Median Household Income
$64,371
Median Earnings
$2,572
Median Rent
$1,496,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Similar Off Market Nearby

  • Mission Creek Plaza Shopping Center Santa Barbara, CA 93105
  • Sunglass Hut at Macy's 3805 State St, Santa Barbara, CA 93105
  • Súper Para Comprar Comida 051-040-053, Santa Barbara, CA 93105
  • Loreto Plaza 3329 State St, Santa Barbara, CA 93105
  • Ontare Plaza 3607 State St, Santa Barbara, CA 93105

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant investment opportunity in Santa Barbara's San Roque neighborhood.
Where is this shopping center located?
The property is located at 3609 State St Santa Barbara, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Multi‑tenant investment opportunity in the desirable San Roque neighborhood.; Located in a premier high‑end trade area with high traffic and an affluent customer base.; Diverse tenant mix including national brands and local businesses.
More about this property
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