For Sale
$4,300,000

601 State StSanta Barbara, CA 93101

Prime Santa Barbara storefront, 4,653 SF.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • High-profile State Street location in Downtown Santa Barbara, surrounded by strong national and local retailers including Apple, Marshalls, and Lululemon.
  • Exceptional corner location at State & W. Cota Streets offering maximum visibility and street frontage.

Property Details for 601 State St

Property type
Retail properties, Retail space
Square Feet
4,653 SF
Class
B
Year Built
1970
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Santa Barbara
County
Santa Barbara
State
California
Latitude
34.4176622
Longitude
-119.697105
601 State St, Santa Barbara, California

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601 State St
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