1220 State StSanta Barbara, CA 93101

Property Details for 1220 State St

Lot size

0.10 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

039-650-008

APU

39650008

Description

This exceptional 2,800 square foot retail space is ideally situated on State Street in the heart of Santa Barbara, California, just two doors from the renowned Granada Theatre and approximately one block from the vibrant Santa Barbara Public Market. The single-tenant property boasts high ceilings and expansive storefront windows offering unparalleled visibility and natural light, perfectly showcasing your business to the bustling State Street pedestrian traffic. Located within Santa Barbara County, the property's address is 1220 State Street, zip code 93101. Its convenient location places it amongst a wealth of amenities along the State Street corridor, ensuring high foot traffic and easy access for customers. The proximity to multiple city parking lots further enhances its appeal and accessibility. This property presents a unique opportunity for a business seeking a high-profile location in a thriving downtown area. The building's design and location make it an ideal space for a variety of retail ventures. The property type is retail, with single tenancy. This is a remarkable chance to establish or expand your business in one of Santa Barbara's most desirable commercial locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,611,334

  6.5%

  $1,487,386

  7%

  $1,381,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,283,922

  Geo Method

  $1,283,922

• Alternative Use

  Use

  Valuation

  Residential

  $1,487,386

  Hospitality

  $1,362,437

  Educational

  $1,133,532

  Medical

  $1,172,516

  Retail

  $1,763,272

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4241

Longitude

-119.705

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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