For Sale
$450,000

437 State StSanta Barbara, CA 93101

Established Pizzeria, High NOI, 5-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional opportunity presents the acquisition of Uncle Rocco's NY Style Pizza, a renowned Santa Barbara establishment. Located at 437 State St, Santa Barbara, CA 93101, this Class A, 1,755 square foot pizzeria boasts a strong, loyal customer base and an award-winning reputation. The business operates within a 1-story building, zoned C-O, and includes all furniture, fixtures, and equipment (FF&E). The current lease has five years remaining, with a five-year option to extend, providing excellent long-term stability. Financial records show a Net Operating Income (NOI) of $150,000, making this a stabilized investment with significant growth potential. The sale includes established recipes and experienced staff, ensuring a seamless transition for the new owner. Opportunities exist to expand delivery services, increase lunch and late-night business, and further capitalize on the existing strong customer base. This is a turnkey operation ready for a new owner to continue the legacy of this beloved Santa Barbara institution. The asking price is $450,000. APN: 037-211-006.

Highlights

  • Asking Price: $450,000
  • Property Type: Established Class A, 1,755 SF pizza parlor business for sale in Santa Barbara, CA.
  • Financial Highlights: $150,000 NOI, stabilized investment with 5-year lease remaining, plus a 5-year option.
  • Lease Details: 5-year lease expiring 12/31/2029, with one 5-year renewal option.
  • Location: 437 State St, Santa Barbara, CA 93101 (Santa Barbara County). C-O Zoning.
  • Inclusions: All FF&E, recipes, and experienced staff included in the sale.

Property Details for 437 State St

Property type
Square Feet
1,755 SF
Class
A
Stories
1

Location Insight

City
Santa Barbara
County
Santa Barbara
State
California
Latitude
34.4165849
Longitude
-119.6955269
437 State St, Santa Barbara, California

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437 State St
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