515 State St

Santa Barbara, California 93101

$4,250,000 0 Beds 0.0 Baths sq ft MLS# 18-1914

About 515 State St

Santa Barbara Trophy Single Tenant NNN Leased Investment! Prime State St Location with approximately 50' of frontage! Rare ''street to street'' 10,000 SF parcel with 17 parking spaces in rear accessed off of Fig St. The building consists of 4,120 square feet, beautifully remodeled in 2013, with recessed patio/bar and open ceiling plan. ADA compliant restrooms at time of construction and fire sprinklered. Excellent seasoned Tenant - Paxti's Pizza, with 17 locations. Over 5 years remaining on lease plus options. 4.20% Cap Rate on in place income plus annual increases.Value add potential with future additional development possibilities.

515 State St Details

MLS #18-1914
Half Baths0
Zip Code93101
Property TypeCommercial

Property Location

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All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Village Properties shall be responsible for any typographical errors, misinformation, or misprints. © 2019 Santa Barbara Multiple Listing Service. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.


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