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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Data last updated 4:18 AM UTC, 3/28/2024