416 State St Santa Barbara, CA 93101-2305
This exceptional 3,509-square-foot restaurant space is available for lease, ideally situated on the coveted 400 block of State Street in Santa Barbara County. Located next to a highly successful and recently renovated food and beverage establishment (Kim's Service Department, Miramar Group, 2019), this property benefits from significant foot traffic. The building offers a fully built-out interior, ready for immediate occupancy starting November 1, 2022. Tenants can lease the space as-is or customize the layout to meet their specific operational needs. A unique opportunity exists for integration with the adjacent property, particularly concerning the shared rear patio areas; conceptual renderings are available upon request. The historic building boasts high ceilings, a pre-existing bar area, convenient front and rear customer entrances, and limited on-site parking. The property's APN is 037-212-023, and it's zoned for commercial use. This single-tenant space presents a remarkable chance to establish a thriving restaurant business in a vibrant Santa Barbara location. The cross street is Guttierez.
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DinkDive Gym & Fitness Center Sports Field & Court
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The Drunken Crab Santa Barbara Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
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.