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Fully Leased Retail and Office Building
For Sale
$3,250,000

2948 San Marcos Ave, Los Olivos, CA

Fully leased building with a flexible layout supporting retail and office uses, including wine tasting and electric bike rentals.

Property SizeContact for details
Days on Market90

Property Features for 2948 San Marcos Ave

General Information

Standard status Active
Property subtype Business Opportunity
Occupancy 100%
Listing Agency: Grand Avenue Real Estate
Listed By: Evan Lash
Source: Exprealty
Added: Jun 10 Changed: Sep 5 Last Checked: Sep 6 at 3:01PM

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 Grand Avenue Real Estate

Investment Insights

Based on property information with market context.

This fully leased commercial property offers a turnkey setup with a flexible layout suited for retail and office uses. The building is currently configured to accommodate wine tasting operations, electric bike rentals, and executive offices, with space that can be adapted for a variety of tenant configurations.

Located at 2948 San Marcos Ave in Los Olivos, the property sits in the heart of the town’s wine country destination and is described as being on a popular street within Santa Barbara County’s Santa Ynez Valley. The surrounding area is characterized in the remarks as a retail and dining hub, positioned among tasting rooms, restaurants, and boutique shopping.

A mixed-use zoning overlay is noted in the public remarks, providing additional flexibility for appropriate retail and office activity within the downtown setting.

Key Highlights

  • Fully‑leased commercial building in downtown Los Olivos.
  • Flexible layout currently supports wine tasting, electric bike rentals, and executive offices.
  • Zoned for retail and office uses with a mixed‑use zoning overlay.

Property Analytics

Current Use

Retail space

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Fully leased building with a flexible layout supporting retail and office uses, including wine tasting and electric bike rentals.
Where is this retail space located?
The property is located at 2948 San Marcos Ave Los Olivos, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Fully‑leased commercial building in downtown Los Olivos.; Flexible layout currently supports wine tasting, electric bike rentals, and executive offices.; Zoned for retail and office uses with a mixed‑use zoning overlay.
More about this property
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