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$ 3,600,000
Est. payment | /mo
0.47 Acres Lot
$ 3,600,000
Est. payment | /mo
0.47 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-2271
Lot Size 0.470 Acres
Acres 0.36
Lot Dimensions 20472.0
Property Sub-Type Retail
Source Santa Barbara Multiple Listing Service
Property Description
A rare ground lease investment opportunity in the heart of Santa Barbara's Funk Zone with freeway frontage -- one of the Central Coast's most dynamic & sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income stream with zero landlord responsibilities. No expenses, no management, no surprises - just pure, unencumbered cash flow from day one.
Ground leased, absolute NNN investments of this caliber in a market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property.
Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.
Ground leased, absolute NNN investments of this caliber in a market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property.
Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.
Location
State CA
County Santa Barbara
Others
Tax ID 033-052-019
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Radius Group Commercial R.E.
Schools and Properties Nearby
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