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Downtown Santa Barbara Restaurant Space
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738 State St, Santa Barbara, CA 93101

Turn-key restaurant space with patio in downtown Santa Barbara.

Space Size2,416 SF
Days on Market471

Property Features for 738 State St

General Information

Standard status Active
Size 2,416 SF
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 738 State St Contact us

738 State St $4.25/SF/Mo

Floor
1-2
Size
2,416 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
Turn key restaurant featuring two restrooms.
Contact us
Listing Agency: Hayes Commercial Group
Listed By: Nolan Tooley · License #02127359
Source: Moodyscre
Added: May 22, 2025 Changed: Sep 3 Last Checked: Sep 4 at 10:21AM

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 Hayes Commercial Group

Investment Insights

Based on property information with market context.

This turn-key restaurant space is located in downtown Santa Barbara, next to McConnell’s Fine Ice Creams and Lululemon. The property benefits from plentiful foot traffic and nearby public parking. It features a bonus 443 square foot patio at the rear, facing De la Guera Plaza, as well as State Street seating and a second-floor mezzanine suitable for office or storage. Previously, the space was a sushi Shabu Sahbu Japanese restaurant, equipped with seating and a ventilation system designed for hot pot style service. The property is suitable for restaurant use.

Key Highlights

  • Turn‑key restaurant space in the heart of downtown Santa Barbara.
  • High foot traffic location next to McConnell’s Fine Ice Creams and Lululemon.
  • Includes a 443 SF patio facing De la Guerra Plaza.

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Tanning Salon Nursing Home

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,836
Businesses Nearby
334k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 27% Groceries 21% Shops & Services 12% Leisure 11%
Ralphs Groceries
46,819 visits/mo 0.4 miles
Marshalls Apparel
37,135 visits/mo 0.2 miles
Metropolitan Fiesta 5 Theatre Leisure
27,969 visits/mo 0.2 miles
World Market Home Improvements & Furnishings
25,963 visits/mo 0.1 miles
Smart & Final Groceries
22,316 visits/mo 0.3 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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Similar Off Market Nearby

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  • Chef Edie Robertson 1122 Mercedes Ln, 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

Frequently Asked Questions

What type of property is this?
Restaurant - Turn-key restaurant space with patio in downtown Santa Barbara.
Where is this restaurant located?
The property is located at 738 State St Santa Barbara, CA.
What are key features of this property?
This property features: Turn‑key restaurant space in the heart of downtown Santa Barbara.; High foot traffic location next to McConnell’s Fine Ice Creams and Lululemon.; Includes a 443 SF patio facing De la Guerra Plaza.
(805) 898-4383 Call to check price and availability
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