For Sale
$450,000

437 State St Santa Barbara, CA 93101

Established Pizzeria, High NOI, 5-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
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
Commercial real estate
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

FAQs

What type of property is this?
Commercial real estate - Established Pizzeria, High NOI, 5-Year Lease
Where is the commercial real estate located?
The property is located at 437 State St Santa Barbara, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
437 State St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message