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$ 5,750,000
Est. payment | /mo
9,147 Sqft Lot
$ 5,750,000
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-694
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 9147.0
Property Sub-Type Retail
Source Santa Barbara Multiple Listing Service
Property Description
A rare opportunity to acquire a premier, income-producing coastal asset in the heart of Santa Barbara. The property is fully leased to Chad's Restaurant, a long-standing and well-recognized local operator (est. 1957), providing stable base rent with additional upside through a percentage-rent structure tied directly to sales performance. Situated along Santa Barbara's iconic waterfront corridor, the property benefits from exceptional visibility, strong foot traffic, and immediate proximity to West Beach, the Harbor, Stearns Wharf, and downtown amenities. This irreplaceable location, combined with a proven tenant and built-in revenue growth potential, positions 216 W. Cabrillo Boulevard as a true trophy investment in one of California's most supply-constrained coastal markets.
Location
State CA
County Santa Barbara
Others
Tax ID 033-092-010
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Radius Group Commercial R.E.
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