601 State St Santa Barbara, CA 93101-3301
- Retail space
- 0.12 lot acres
Current Use by Public Records
- The House of Clues Escape room games / Escape Room Center
- The House of Clues escape room & VR games / Escape Room Center
Property Details for 601 State St
- Lot size
- 0.12 lot acres
- Property type
- Retail space
- APN
- 037-131-010
- APU
- 37131010
Description
This exceptional 4,653-square-foot retail storefront at 601 State Street in downtown Santa Barbara presents a unique investment opportunity. Located on a highly visible corner lot at the intersection of State and W Cota Streets, this Class B property boasts an unparalleled location within a thriving commercial district. Built in 1970, the single-tenant building sits on a 0.12-acre lot and is currently vacant, offering flexibility for owner-users or investors seeking to capitalize on the high demand for retail space in this area. The asking price is $4,300,000, translating to $924.13 per square foot. Surrounding businesses include prominent national retailers such as Apple, Marshalls, Urban Outfitters, Hollister, Lululemon, H&M, and World Market, along with a variety of local boutiques and restaurants. This "trophy" asset offers strong visibility and significant potential for return on investment, whether through re-tenanting or owner-occupancy. The property's prime location and the scarcity of comparable opportunities in this desirable trade area make it an exceptional investment prospect. The property is suitable for a wide range of retail uses and benefits from its high foot traffic and prominent street frontage. This is a rare chance to acquire a significant retail presence in the heart of Santa Barbara's vibrant downtown.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Barbara
- County
- Santa Barbara
- State
- California
- Longitude
- -119.697
- Latitude
- 34.4176
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
