1260 Channel DrMontecito, CA 93108

Property Details for 1260 Channel Dr

Lot size

12.32 AC

Property type

Hospitality properties

Property subtype

Hotels

APN

009-352-009

APU

9352009

Description

This exceptional retail opportunity is located in Montecito, Santa Barbara County, within a vibrant and affluent community. The property, situated at 1260 Channel Drive, offers a total of 17,706 square feet of commercial space currently entirely vacant and available for lease. Multiple units are available, ranging in size from a minimum of 308 square feet to a maximum contiguous space of 5,675 square feet, providing flexibility for various retail concepts. The property's location offers unparalleled access to the prestigious Four Seasons Resort Biltmore Santa Barbara, a renowned luxury hotel attracting high-end clientele. This prime location within the resort's vicinity ensures high visibility and foot traffic, creating an ideal environment for businesses targeting a discerning customer base. The property is situated in a picturesque setting, nestled between the Pacific Ocean and the Santa Ynez Mountains, within 22 lush acres. This unique combination of luxury, convenience, and stunning natural beauty presents a rare and highly desirable opportunity for businesses seeking a prominent presence in one of California's most exclusive areas. The property is categorized as a multi-tenant retail space, offering a diverse range of possibilities for businesses seeking to establish themselves in this exceptional location. The entire 17,706 square feet is currently vacant, providing a blank canvas for a new tenant or a collection of tenants to create a thriving retail destination.

• CAP approach

  CAP return

  Valuation

  6%

  $181,891,568

  6.5%

  $167,899,920

  7%

  $155,907,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,820,032

  Geo Method

  $239,820,032

• Alternative Use

  Use

  Valuation

  Residential

  $183,297,920

  Hospitality

  $167,899,920

  Educational

  $139,690,752

  Medical

  $144,494,944

  Retail

  $217,296,736

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4176

Longitude

-119.642

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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