1218 State St

SANTA BARBARA, CA, 93101

$2,550,000

$2,550,000
Active
Active
 - For Sale
property_type
Commercial
Single Tenant NNN Leased Investment! Prime downtown Santa Barbara location adjacent to the Granada Theater, & near many successful well established full service restaurants. Tenant/Operator is arguably one of the top restauranteurs in the SB area with approximately 20 years experience in this market with his Olio e Limone restaurant located around the corner from this building. This new Sicilian concept (Bedda Mia) is a true winner, featuring southern Italian cuisine that is both dynamic and unique. The restauranteur has invested significant capital into the space to create a beautiful interior setting & an experience that is a real crowd pleaser (4.5 stars on Yelp), & one that rivals the best restaurants in Santa Barbara County. 4% cap w/ 4.5 years left on lease w/ annual rent increase
MLS® ID:
22-1265
Listed:
4/21/22
Updated:
8/14/22
Coldwell Banker Realty
Randy Solakian Estates Group

Other Property Details

Area Name
15 - SB/EAST OF STATE
Garage
No
Parking
N
View
N
County
Santa Barbara
Pool
No
Zoning
C-2

Courtesy of Mitch Stark, Berkshire Hathaway Home Services California Properties

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Data last updated 10:40 AM UTC, 8/14/22

Coldwell Banker Realty
Randy Solakian Estates Group
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