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    FOR LEASE
    Hotels

    1260 Channel Dr, Montecito, CA 93108

    12.32 ac lot
    Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-0970411
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located in Montecito, Santa Barbara County, within a vibrant and affluent community. The property, situated at 1260 Channel Drive, offers a total of 17,706 square feet of commercial space currently entirely vacant and available for lease. Multiple units are available, ranging in size from a minimum of 308 square feet to a maximum contiguous space of 5,675 square feet, providing flexibility for various retail concepts. The property's location offers unparalleled access to the prestigious Four Seasons Resort Biltmore Santa Barbara, a renowned luxury hotel attracting high-end clientele. This prime location within the resort's vicinity ensures high visibility and foot traffic, creating an ideal environment for businesses targeting a discerning customer base. The property is situated in a picturesque setting, nestled between the Pacific Ocean and the Santa Ynez Mountains, within 22 lush acres. This unique combination of luxury, convenience, and stunning natural beauty presents a rare and highly desirable opportunity for businesses seeking a prominent presence in one of California's most exclusive areas. The property is categorized as a multi-tenant retail space, offering a diverse range of possibilities for businesses seeking to establish themselves in this exceptional location. The entire 17,706 square feet is currently vacant, providing a blank canvas for a new tenant or a collection of tenants to create a thriving retail destination.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Lot 12.32 ac (536,659 SF)
    APN 009-352-009
    UPID US09-0970411
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TurnOnGreen Charging Station Electric Vehicle Charging Station
    • Silverhorn Four Seasons, Biltmore (Bike/Boat/Book/etc) Store
    • Ty Lounge Bar & Pub Nightclub
    • Encore Rental Equipment Company Tech Support Center
    • The Spa at Four Seasons Resort The Biltmore Santa Barbara Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $910k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $910k
    Owner & transaction history
    1260 Bb Property LLC · 26 yrs held
    1260 Bb Property LLC
    since 2000
    5 recorded transactions
    2019
    2010
    2000
    1995
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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