931 State St Santa Barbara, CA 93101-2701
This exceptional 1,402 square foot retail space is ideally situated at 931 State Street in the heart of downtown Santa Barbara, California (zip code 93101). Boasting a coveted corner location at State and Carrillo Streets, this property offers unparalleled visibility and foot traffic. The space is part of the historic Carrillo Building, known for its attractive glass storefronts and high ceilings. The building benefits from a strong mix of existing tenants, including well-established businesses such as Brandy Melville, Courtney Burke, Mister Softee's Ice Cream, New Edition Barber Shop, and Restaurant Roy. This prime location places the property in close proximity to high-traffic areas and prestigious neighbors like the Apple Store and Amazon's new downtown office. The property is zoned C-2 and is currently available for lease. While the total building square footage is not currently available, this specific retail space presents a unique opportunity for businesses seeking a vibrant and high-visibility location in one of Santa Barbara's most desirable commercial districts. The building also features second-floor office spaces with central air conditioning, though this listing focuses solely on the available retail space. This is a multi-tenant building.
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
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Property description
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Risks
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