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1260 Channel Dr Montecito, CA 93108

Hotels Google Maps
12.32 ac lot
Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$910k
Range $819k – $1.00M (±10%)
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

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • (Bike/Boat/Book/etc) Store
  • Bar & Pub Nightclub
  • Rental Equipment Company Tech Support Center
  • 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

since 2000
5 recorded transactions
2019
Price N/A
2010
Price N/A
2000
Price N/A
1995
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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