Property summary
This exceptional 11,450± square foot storefront property, located on State Street's most vibrant block in Santa Barbara, CA (93101), presents a compelling investment opportunity. Priced at $4,175,000 ($365 psf), the property boasts a unique configuration with high ceilings and a roll-up door, offering supreme flexibility for a multitude of uses. The building features a natural division between a 4,000 square foot State Street facing retail space and a 7,000 square foot rear portion with exposed beams, high ceilings, and ground-level loading (16' x 9'). Ample parking is available in the adjacent city lot. The M-C zoning allows for a wide range of uses, including restaurant, retail, office, hotel, storage, and residential. The property's high-density housing overlay presents significant potential for value enhancement, expansion, or owner-occupancy. Its proximity to the Funk Zone and the coastline further enhances its appeal. The property sits on a 13,068 square foot lot (APN: 037-173-026) and includes sprinklers. Nearby establishments include Drift Hotel, Hotel Santa Barbara, Cost Plus World Market, and numerous restaurants and cafes. This is a rare chance to acquire a versatile property in a highly desirable and thriving location.
Property profile
VerifiedCap rate & NOI
Current use
-
Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight