509 State Street
509 State Street Santa Barbara, California 93101 United States

$3,495,000
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Great Investment Opportunity at 4 cap rate in the red hot 500 block of State St!!!. This beautifully remodeled building is leased to Pascucci restaurant w/ approximately 8 years remaining on an initial 10 year term. Building size is 2,824 SF plus...

Berkshire Hathaway Home Services California Properties

Listing Courtesy of Berkshire Hathaway Home Services California Properties
$3,495,000
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2
Full Baths
3,278 Sq Ft.
Interior
Commercial
Property type
21-4014
Web Id
21-4014
MLS ID
Santa Barbara Unified
School District
77
days ago

About 509 State Street

Great Investment Opportunity at 4 cap rate in the red hot 500 block of State St!!!. This beautifully remodeled building is leased to Pascucci restaurant w/ approximately 8 years remaining on an initial 10 year term. Building size is 2,824 SF plus 454 SF covered patio. 5 parking spaces in rear. Pascucci is a highly seasoned & successful operator w/ almost 30 years of presence in the Santa Barbara market! This Prime State St. location, in the heart of the State St pedestrian promenade has been a boon for businesses, allowing for street seating & great synergy from the surrounding food & beverage tenants + numerous hotels (including one under construction across the street) in the 5 block radius allowing for a highly diversified customer base of locals and tourists.

Listing Courtesy of Berkshire Hathaway Home Services California Properties, SANTABARBARA MLS

Amenities

  • A/C

PROPERTY INFORMATION

Cooling
A/C Central
Parking Description
Reservd
Listing Courtesy of Berkshire Hathaway Home Services California Properties

Berkshire Hathaway Home Services California Properties

Listing Courtesy of Berkshire Hathaway Home Services California Properties
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