Prime Downtown Mixed-Use Asset For Sale
Address
500-510 State Street & 425-427 Anacapa Parking Lot, Santa Barbara, CA 93101
500-510 State Street & 425-427 Anacapa Parking Lot, Santa Barbara, CA 93101
Type
Mixed Use
Mixed Use
Investment Highlights
- Irreplaceable corner location in downtown Santa Barbara
- Offering includes 21 space private parking lot on 2 parcels
- Prime mixed-use building in the heart of the downtown corridor near popular restaurants and retail stores
- Property is currently 98% occupied with a diversified tenant mix, including two well-known, long standing restaurants, boutiques and second floor professional offices
TO VIEW A FULL OFFERING MEMORANDUM please download the Confidentiality Agreement and return an executed copy to Ashley Endy at aendy@sima.net or by fax to 805-965-6368.
The Offering
This unique State Street asset consists of a commercially zoned site improved with one (1) two-story building and a separate, non-contiguous 21 space parking lot; each sitting on separate parcels totaling over a half acre of prime State Street real estate. The building was originally constructed in 1927 and most recently renovated in 2006.
There are approximately 21 parking spaces available in the parking lot which sits on approximately .27 acres providing private parking for tenants in a competitive area of downtown Santa Barbara.
The mixed retail and office use of the Property creates a steady daily traffic flow. With several long-standing restaurant and retail tenants, the Property has a well-established presence in the marketplace. The offices are served by an elevator and two stairwells, allowing easy access to the parking areas and State Street.
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