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Vacant-User

3328 State St

3328 State St, Santa Barbara, CA 93105

Listing Price: $1,500,000

Cap Rate
7.25%
Gross SF
3,021
Rentable SF
3,021
Price/Gross SF
$496.52
Lot Size
0.16 acres
Year Built
1950

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 3328 State Street, a 3,021 square foot retail building situated on 6,969 square feet of land in the affluent, high-profile Ventura County submarket of Santa Barbara, CA. The subject property is located on State Street between Amapola Drive and San Roque Road. 3328 State Street is currently vacant, allowing an investor the opportunity to stabilize the property, or an owner-user the ability to occupy the property for their own business use. The subject property benefits from a prime centralized Santa Barbara location, ideally located approximately 3 miles from the beach, 7 miles from Caruso’s brand new luxury resort, Miramar Beach Resort, 7 miles from the University of California, Santa Barbara, and 6.8 miles from the Santa Barbara Airport. 3328 State Street is located just three miles from Downtown Santa Barbara. Downtown Santa Barbara serves as a tourist attraction, attracting people to various historic cultural venues such as the Granada Theater and Santa Barbara Courthouse, as well as various other retail amenities including the Santa Barbara Public Market. State Street, within Downtown Santa Barbara, is well known for its shops, restaurants, and boutiques, and features an electric shuttle that runs the length of the downtown section of the street.

Investment Highlights

  • Prime State Street location directly across from Gelson's anchored shopping Center
  • Low Price per SF
  • Priced 31% below all recent sales comparables

Exclusively Listed By

Listing Price: $1,500,000

Cap Rate
7.25%
Gross SF
3,021
Rentable SF
3,021
Price/Gross SF
$496.52
Lot Size
0.16 acres
Year Built
1950

Investment Highlights

  • Prime State Street location directly across from Gelson's anchored shopping Center
  • Low Price per SF
  • Priced 31% below all recent sales comparables

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 3328 State Street, a 3,021 square foot retail building situated on 6,969 square feet of land in the affluent, high-profile Ventura County submarket of Santa Barbara, CA. The subject property is located on State Street between Amapola Drive and San Roque Road. 3328 State Street is currently vacant, allowing an investor the opportunity to stabilize the property, or an owner-user the ability to occupy the property for their own business use. The subject property benefits from a prime centralized Santa Barbara location, ideally located approximately 3 miles from the beach, 7 miles from Caruso’s brand new luxury resort, Miramar Beach Resort, 7 miles from the University of California, Santa Barbara, and 6.8 miles from the Santa Barbara Airport. 3328 State Street is located just three miles from Downtown Santa Barbara. Downtown Santa Barbara serves as a tourist attraction, attracting people to various historic cultural venues such as the Granada Theater and Santa Barbara Courthouse, as well as various other retail amenities including the Santa Barbara Public Market. State Street, within Downtown Santa Barbara, is well known for its shops, restaurants, and boutiques, and features an electric shuttle that runs the length of the downtown section of the street.

Exclusively Listed By

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