Santa Maria Retail Investment
508 W Main St, Santa Maria, CA 93458
Call to check price and availability
100% occupied retail property with value-add potential in Santa Maria.
Type:Retail
Property size:
9,122 SFLot size:
0.33 Acres- Added:
- Apr 21, 2026
- Days on Market:
- 37
- Last Refresh:
- Apr 24 at 9:03 pm
Property Features for 508 W Main St
General Information
- Standard status
- Active
- Size
- 9,122 SF
- Lot size
- 0.33 Acres
- Property subtype
- Retail
Listing agent Alex Olsen License #01126609
Listing office Lee & Associates - San Luis Obispo - Central California (805) 218-5766
Listing date Apr 21, 2026
Source Crexi
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 Lee & Associates - San Luis Obispo - Central California
HighLights
- 100% occupied multi‑tenant retail investment property generating $172,362 in annual gross income.
- Significant value‑add opportunity through rent adjustments and conversion to NNN leases.
- High‑traffic location on Highway 166 (W Main Street) with 24,050 cars per day.
- Five of six leases expire August 31, 2026, allowing for near‑term rent roll reset.
- Located in Santa Maria, the largest city in Santa Barbara County, with strong demographics.
- Rare opportunity in a supply‑constrained market.
Overview
Located on West Main Street in Santa Maria, the property at 508-518 W Main Street is a 100% occupied, multi-tenant retail investment. The property contains approximately 9,122 square feet of space. Situated on Highway 166, the site benefits from a traffic volume of 24,050 cars per day. The property is one block west of the Santa Maria Town Center. The property is zoned C-2 and includes on-site parking. The site consists of six units across three buildings on a lot of approximately 14,374 square feet. All six units are currently leased, generating an annual gross income of $172,362. The tenant mix includes a full-service restaurant, financial services, health and beauty services, and specialty retail. Five of the six leases expire on August 31, 2026. Santa Maria is the largest city in Santa Barbara County, with a population of approximately 110,000, and serves as the commercial hub of the Central Coast's tri-county region. The demographics within a 3-mile radius include 103,269 residents and an average household income of $96,863.
Location Intelligence
Current Use by Public Records
Mi Gusto Es ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.4421608
- Latitude
- 34.9528197
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 100% occupied retail property with value-add potential in Santa Maria.
Where is this strip mall located?
The property is located at 508 W Main St Santa Maria, CA.
What are key features of this property?
This property features: 100% occupied multi‑tenant retail investment property generating $172,362 in annual gross income.; Significant value‑add opportunity through rent adjustments and conversion to NNN leases.; **High‑traffic location on Highway 166 (W Main Street) with 24,050 cars per day**.
