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Downtown Restaurant Building

431 State Street, Santa Barbara, CA 93101

For Sale
$1,750,000

The downtown State Street location is a short distance from the Wharf.

Property Size2,489 SF
Price / SF$703.09
Days on Market181

Property Features for 431 State Street

General Information

Standard status Active
Size 2,489 SF
Property subtype Retail

Site & Location

Neighborhood Lower State

Building Details

Building Size 2,489 SF
Listing Agency: Radius Group Commercial R.E.
Listed By: Michael Chenoweth
Source: Alemannrealty
Added: May 14 Changed: Nov 7 Last Checked: Nov 9 at 12:33PM

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 Group Commercial R.E.

Rey
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Investment Insights

Based on property information with market context.

This 2,489-square-foot restaurant property is at 431 State Street in downtown Santa Barbara. The address places it a short distance from the Wharf, within a stretch of State Street seeing nearby institutional and entertainment activity.

Across the street, UCSB has purchased an 80-unit apartment building and a Meeting Hall. Two music venues are planned for the former Casa Blanca restaurant at Gutierrez and State Streets.

Key Highlights

  • 2,489‑square‑foot restaurant property at 431 State Street
  • Downtown Santa Barbara location, a short distance from the Wharf
  • UCSB purchased an 80‑unit apartment building and Meeting Hall across the street

Property Analytics

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Open Analytics

Current Use

Himalayan Kitchen,Santa Barbara Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Tanning Salon Nursing Home Pet Grooming Service Adult Day Care

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

6,040
Businesses Nearby
258k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 34% Leisure 15% Shops & Services 13% Home Improvements & Furnishings 11%
Marshalls Apparel
37,135 visits/mo 0.4 miles
Metropolitan Fiesta 5 Theatre Leisure
27,969 visits/mo 0.5 miles
World Market Home Improvements & Furnishings
25,963 visits/mo 0.2 miles
Smart & Final Groceries
22,316 visits/mo 0.2 miles
REI Apparel
18,434 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Restaurants in Santa Barbara County, CA

$596 Jul
$477 Aug
$557 Sep
$657 Oct

Properties on Market for Restaurants in Santa Barbara County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Similar Off Market Nearby

  • The Kitchen Door — 112 W Cabrillo Blvd, Santa Barbara, CA 93101
  • Semi Private Chef — 205 W Montecito St, Santa Barbara, CA 93101
  • Events Unlimited — 205 Santa Barbara St #B, Santa Barbara, CA 93101
  • Shalhoob's Santa Barbara Style Catering — 209 Gray Ave, Santa Barbara, CA 93101
  • Central Coast Catering — 205 W Canon Perdido St, Santa Barbara, CA 93101

Frequently Asked Questions

What type of property is this?
Restaurant - The downtown State Street location is a short distance from the Wharf.
Where is this restaurant located?
The property is located at 431 State Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2,489‑square‑foot restaurant property at 431 State Street; Downtown Santa Barbara location, a short distance from the Wharf; UCSB purchased an 80‑unit apartment building and Meeting Hall across the street
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