Sold

1218 State Street

SANTA BARBARA CA, 93101

$2,300,000


Sold

Commercial

Courtesy of Mitch Stark, Berkshire Hathaway HomeServices California Properties

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

22-1265

MLS ID

April 22, 2022

Listed

March 28, 2024

Updated

Map

1218 State Street
SANTA BARBARA CA, 93101

Other Property Details

Area Name

15 - SB/EAST OF STATE


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

C-2


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

6/30/2023

Sold

$2,300,000

Listed by Berkshire Hathaway HomeServices California Properties, Mitch Stark,
Listing Contact:  

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