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Freestanding Waterfront Restaurant
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15 E Cabrillo Boulevard, Santa Barbara, CA 93101

Freestanding restaurant rebuilt in 2016 with two bars, exterior patio, and extensive in-place equipment and seating.

Property Size6,774 SF
Days on Market89

Property Features for 15 E Cabrillo Boulevard

General Information

Standard status Active
Size 6,774 SF
Zoning CLA

Additional Details

Business Included Yes

Building Details

Building Size 6,774 SF
Year Renovated 2016
Stories 2
Listing Agency: Radius Commercial Real Estate & Investments Santa Barbara
Listed By: Brad Frohling · License #01323736
Source: Evrealestate
Added: Jun 5 Changed: Aug 26 Last Checked: Aug 31 at 12:47PM

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 Radius Commercial Real Estate & Investments Santa Barbara

Investment Insights

Based on property information with market context.

15 E Cabrillo Blvd is a freestanding waterfront legacy restaurant property that was completely rebuilt in 2016. The building is offered with furniture, fixtures, and extensive in-place equipment, supporting an operator seeking to step into a fully functioning restaurant environment. The current layout includes seating for over 190 guests and two bars, along with an exterior patio.

The property includes a reserved parking lot located steps from the base of the Santa Barbara pier, positioned for day-to-day waterfront activity from both tourists and locals.

This offering is structured around the existing restaurant buildout and operational infrastructure, including the significant in-place equipment, making it well-suited for a buyer looking to continue restaurant use in the landmark waterfront setting.

Key Highlights

  • Freestanding restaurant on Santa Barbara’s waterfront at 15 E. Cabrillo Boulevard.
  • Rebuilt in 2016 with furniture, fixtures, and extensive in‑place restaurant equipment.
  • Over 190 seats and two bars.

Property Analytics

Current Use

Bluewater Grill Restaurant

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Butcher Auto Parts Store Tanning Salon

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,550
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 60% Dining 29% Hotels & Casinos 8% Shops & Services 3%
REI Apparel
18,434 visits/mo 0.4 miles
Rusty's Pizza Parlor Dining
10,141 visits/mo 0.2 miles
The Waterman Hotels & Casinos
2,677 visits/mo 0.3 miles
DTLR/VILLA Apparel
2,371 visits/mo 0.2 miles
Caliber Collision Shops & Services
1,081 visits/mo 0.5 miles

Demographics for 93101, CA

30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Freestanding restaurant rebuilt in 2016 with two bars, exterior patio, and extensive in-place equipment and seating.
Where is this conventional restaurant located?
The property is located at 15 E Cabrillo Boulevard Santa Barbara, CA.
What are key features of this property?
This property features: Freestanding restaurant on Santa Barbara’s waterfront at 15 E. Cabrillo Boulevard.; Rebuilt in 2016 with furniture, fixtures, and extensive in‑place restaurant equipment.; Over 190 seats and two bars.
More about this property
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