5290 5290 Rd Goleta, CA 93111

Property Details for 5290 5290 Rd

Property size

2,120 SF

Property type

Commercial real estate

Description

This exceptional 2,120 square foot office condo is situated in Goleta's desirable Creekside Plaza, a garden-style complex boasting convenient walking and biking trails. Ideally located, the property offers effortless access to Highway 101, the Magnolia Shopping Center, downtown Santa Barbara, and Santa Barbara Airport, ensuring high visibility and accessibility for both tenants and clients. This second-floor unit is conveniently served by an elevator and features multiple entrances, providing flexibility and convenience. Currently, the space is 100% leased, generating immediate income. The lease structure offers a blend of long-term and month-to-month tenancies, providing an investor with a stable income stream and the option for future adjustments. One lease is in place until November 2025, while the remaining tenants are on month-to-month agreements. This short-term lease flexibility presents a unique opportunity for either an investor seeking a strong return or an owner-user looking to occupy all or a portion of the space. The property's prime location, combined with its versatile lease structure and convenient amenities, makes it an attractive investment opportunity in a thriving market. The asking price is $880,000. This is a rare opportunity to acquire a well-located, income-producing commercial property in a highly sought-after area.