1187 1187 Rd Montecito, CA 93108
This exceptional 898-square-foot commercial space is located in the highly desirable Coast Village Plaza in Montecito, California. Situated at 1187 Coast Village Road, Unit 3A, this property boasts outstanding visibility and abundant parking, key advantages in this premier location. Currently configured as a salon, the space is versatile and easily adaptable to a variety of retail uses. The unit benefits from a prime position facing the busy Coast Village Road, ensuring high foot traffic and excellent exposure to potential customers. The dynamic tenant mix within Coast Village Plaza includes established and well-regarded businesses such as Renaud's Bistro, Ca'Dario Restaurant, and several other popular local shops. This ensures a vibrant and attractive environment for your business. Adjacent tenants include Ca'Dario, Local, Renaud's Bistro, Waterhouse Gallery, Juice Ranch, The Tennis Shop, Richie's Barber Shop, Norvell Bass Cleaners, Re Studios, and UPS, providing a strong synergy and attracting a diverse clientele. The property is offered at $11 million and presents a unique opportunity to establish or expand your business in one of Montecito's most sought-after commercial locations. The space's current configuration as a salon provides a ready-made layout, but its adaptability allows for customization to suit various retail needs. This is a rare opportunity to secure a prominent space in a thriving commercial center.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.