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$ 4,300,000
Est. payment | /mo
2 Baths
2,250 SqFt
$ 4,300,000
Est. payment | /mo
2 Baths
2,250 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $1,911
MLS Listing ID 26-826
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 5227.0
Property Sub-Type Retail
Source Santa Barbara Multiple Listing Service
Property Description
Single Tenant NNN leased investment at 5.85 cap. The approximate $4M remodel has transformed the former Arts and Letters Café into a true masterpiece, featuring dramatic white washed ceilings, gorgeous quartz flooring, 10 person bar, & intimate dining area. The phenomenal large rear patio with seating for 66 is one of the best patios in all of Santa Barbara, featuring exquisite perimeter stonework along with imported olive tree planters, stylish sconces, string lighting, and fireplace. Fully ADA compliant and fire sprinklered. Perfectly located in the SB Arts District - near the Granada and Arlington theaters, in ''restaurant row'' where many long term, well established, successful operators are located. Please do not disturb tenant!
Location
State CA
County Santa Barbara
Direction 1/2 b k
Interior
Cooling Central Air
Exterior
Parking Features Pub/Lot
Building
New Construction No
Others
Tax ID 039-183-041
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Berkshire Hathaway HomeServices California Properties
Schools and Properties Nearby
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