437 State StSanta Barbara, CA 93101

Property Details for 437 State St

Lot size

0.09 AC

Property type

Retail space

APN

037-211-006

APU

37211006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,719,118

  6.5%

  $1,586,878

  7%

  $1,473,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,878,476

  Geo Method

  $1,878,476

• Alternative Use

  Use

  Valuation

  Residential

  $1,338,591

  Hospitality

  $1,226,142

  Educational

  $1,020,136

  Medical

  $1,055,220

  Retail

  $1,586,878

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4165

Longitude

-119.696

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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