116 Palisade DrSanta Maria, CA 93454

Property Details for 116 Palisade Dr

Year built

1960

Lot size

2.79 AC

Property size (Sq ft)

6,948 SF

Property type

Office properties

Property subtype

Office buildings

APN

128-056-029

APU

128056029

Description

This exceptional ground floor cafe/deli space, totaling 699 square feet, is situated within the Marian Hancock Medical Building at 116 Palisade Dr, Santa Maria, CA 93454. Located in the heart of Santa Maria's medical corridor, this property benefits from a consistently high volume of foot traffic generated by the fully occupied medical office suites above. The building itself boasts a total of 34,585 square feet and features convenient elevator access. This presents a unique opportunity for a cafe or deli to establish itself within a captive market of medical professionals, staff, and patients. The high occupancy rate of the medical building ensures a steady stream of potential customers throughout the workday. The address is easily accessible and highly visible, providing excellent exposure for any business. This turnkey space is ready for immediate occupancy and offers a strong foundation for a thriving food service operation. The Santa Barbara County location provides access to a robust and growing community. This is an ideal opportunity for an entrepreneur seeking a well-established location with a built-in customer base. The space is currently vacant and ready for immediate lease.

• CAP approach

  CAP return

  Valuation

  6%

  $984,992

  6.5%

  $909,224

  7%

  $844,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $922,626

  Geo Method

  $1,321,232

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,437

  Hospitality

  $1,032,726

  Educational

  $859,216

  Medical

  $888,766

  Retail

  $1,336,559

Location Insight

City

Santa Maria

County

Santa Barbara

State

California

Latitude

34.9524

Longitude

-120.411

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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