931 State StSanta Barbara, CA 93101

Property Details for 931 State St

Lot size

0.32 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

039-321-006

APU

39321006

Description

This exceptional 1,402 square foot retail space is ideally situated at 931 State Street in the heart of downtown Santa Barbara, California (zip code 93101). Boasting a coveted corner location at State and Carrillo Streets, this property offers unparalleled visibility and foot traffic. The space is part of the historic Carrillo Building, known for its attractive glass storefronts and high ceilings. The building benefits from a strong mix of existing tenants, including well-established businesses such as Brandy Melville, Courtney Burke, Mister Softee's Ice Cream, New Edition Barber Shop, and Restaurant Roy. This prime location places the property in close proximity to high-traffic areas and prestigious neighbors like the Apple Store and Amazon's new downtown office. The property is zoned C-2 and is currently available for lease. While the total building square footage is not currently available, this specific retail space presents a unique opportunity for businesses seeking a vibrant and high-visibility location in one of Santa Barbara's most desirable commercial districts. The building also features second-floor office spaces with central air conditioning, though this listing focuses solely on the available retail space. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,156,306

  6.5%

  $4,759,667

  7%

  $4,419,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,108,492

  Geo Method

  $4,108,492

• Alternative Use

  Use

  Valuation

  Residential

  $4,759,667

  Hospitality

  $4,359,830

  Educational

  $3,627,327

  Medical

  $3,752,076

  Retail

  $5,642,508

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4211

Longitude

-119.702

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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