1919 State StSanta Barbara, CA 93101

Property Details for 1919 State St

Lot size

0.53 AC

Property type

Office properties

Property subtype

Office buildings

APN

025-371-009

APU

25371009

Description

This exceptional three-story medical office building, located at 1919 State Street in Santa Barbara, California (93101), offers two available suites for lease on the second floor. Each suite provides flexible space options, ranging from a minimum of 1,021 square feet to a maximum contiguous area of 2,867 square feet, perfect for a variety of medical practices. The building features convenient amenities including two parking spaces and elevator access. Its strategic location in midtown Santa Barbara places it advantageously between the vibrant shopping districts of Upper State Street and the city's downtown core, ensuring high visibility and accessibility. The property enjoys excellent proximity to major thoroughfares, with the highly trafficked intersection of State and Mission streets (9,289 cars per day) nearby. Furthermore, its location offers easy access to essential services and amenities, including the Santa Barbara Mission, Cottage Hospital, and Highway 101, all within less than a mile. The property's APN is 025-371-009 and is conveniently situated near Pedregosa Street. This presents a unique opportunity to establish or expand a medical practice in a highly desirable and well-connected area of Santa Barbara. The building's multiple tenancy structure allows for a diverse range of potential occupants.

• CAP approach

  CAP return

  Valuation

  6%

  $6,886,544

  6.5%

  $6,356,810

  7%

  $5,902,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,390,034

  Geo Method

  $4,390,034

• Alternative Use

  Use

  Valuation

  Residential

  $7,882,444

  Hospitality

  $7,220,276

  Educational

  $6,007,186

  Medical

  $6,213,782

  Retail

  $9,344,511

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4301

Longitude

-119.714

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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