1187 Coast Village RdSanta Barbara, CA 93108

Property Details for 1187 Coast Village Rd

Lot size

1.30 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

009-291-008

APU

9291008

Description

This exceptional 898 square foot retail space is located at 1187 Coast Village Road in the prestigious Coast Village Plaza, Santa Barbara, CA 93108. Situated in a vibrant commercial center with high visibility and abundant parking, this single-tenant property offers a unique opportunity for a variety of businesses. Currently occupied, the space (Suite 3A) is ideal for a salon or general retail use, given its prominent location facing the busy Coast Village Road. The property is zoned CR and boasts a Santa Barbara County APN of 009-291-008. The dynamic tenant mix within Coast Village Plaza includes established and well-regarded businesses, ensuring a high-traffic environment and strong brand association. This rarely available space presents a compelling opportunity to establish or expand a business in one of Montecito's most desirable commercial locations. The property's excellent visibility and convenient parking make it an attractive option for both businesses and customers. This is a chance to secure a foothold in a thriving retail environment with a proven track record of success. The property's location within the Coast Village Plaza ensures a steady flow of foot traffic and exposure to a high-spending demographic. Don't miss this chance to own a piece of Montecito's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $20,952,788

  6.5%

  $19,341,034

  7%

  $17,959,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,690,990

  Geo Method

  $16,690,990

• Alternative Use

  Use

  Valuation

  Residential

  $19,341,034

  Hospitality

  $17,716,284

  Educational

  $14,739,740

  Medical

  $15,246,662

  Retail

  $22,928,484

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4207

Longitude

-119.645

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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