820 State StSanta Barbara, CA 93101

Property Details for 820 State St

Lot size

0.30 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

037-052-024

APU

37052024

Description

Exceptional office space is available for lease in the prestigious El Paseo Building, located at 820 State St, STE 302 & 401, Santa Barbara, CA 93101. This property offers two distinct suites totaling 2,594 to 6,360 square feet of versatile office space, ideal for businesses seeking a prominent downtown address. Situated on the third and fourth floors, these suites boast breathtaking views of the city, mountains, and ocean. Each suite includes thoughtfully designed private offices and conference rooms, perfect for fostering collaboration and productivity. Building amenities include convenient elevator service. Suite 401 further enhances its appeal with a private restroom. The El Paseo Building's location is unparalleled, placing tenants steps away from Santa Barbara's vibrant shopping and dining district, and less than a mile from the beautiful Pacific coastline. The property is zoned C-G and has an APN of 037-052-024. This is a rare opportunity to secure high-quality office space in one of Santa Barbara's most desirable locations. The building is easily accessible via E Canon Perdido St. Multiple tenancies are available. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,834,156

  6.5%

  $4,462,298

  7%

  $4,143,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,851,767

  Geo Method

  $3,851,767

• Alternative Use

  Use

  Valuation

  Residential

  $4,462,298

  Hospitality

  $4,087,440

  Educational

  $3,400,702

  Medical

  $3,517,658

  Retail

  $5,289,982

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4204

Longitude

-119.7

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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