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$49,000,000
527 State St, Santa Barbara, CA 93101
0 Beds
0 Baths
45,410 sqft

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This is a once-in-a-lifetime opportunity to acquire a trophy, downtown landmark with high-quality architectural detail positioned in the heart of Downtown Santa Barbara. The Hotel sits upon a little over a half-acre with 75 guest rooms, a lobby, and 6 street-level retail spaces, with the retail being anchored by a Starbucks Coffee. The hotel is a single U-shaped building and rear parking area. The hotel has interior corridors and includes two, 480 square foot meeting rooms and a small kitchen that is used for a lobby breakfast service (currently on hold due to COVID-19). The six tenants are all located on the first floor and are accessible from State Street. In addition to the six leased tenants, the hotel leased roof-top space to a cell tower company. The retail improvements are approx. 6,105, the hotel building is roughly 39,305 square feet, for a total of 45,410 square feet including the 1,220 square foot basement.
  • Price:
  • $49,000,000
  • Square Footage:
  • 45,410
  • Acreage:
  • 0.57
  • Year Built:
  • 1925
  • Listing ID #:
  • NP21108014
  • Street Address:
  • 527 State St
  • City:
  • Santa Barbara
  • State:
  • California
  • Postal Code:
  • 93101
  • County:
  • Santa Barbara
  • Community:
  • Santa Barbara
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Construction Description:
  • Block, Concrete, Steel
  • Entry Level:
  • 1
  • Features:
  • Elevator(s)
  • Stories:
  • 4
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 45410
  • Year Built:
  • 1925
  • Year Built Source:
  • Owner
  • Business Type:
  • Hospitality
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • M-C
  • Lot Features:
  • Corner Lot, Flag Lot, Rectangular Lot
  • Lot Size:
  • 24829
  • Lot Square Footage:
  • 24829
  • Days On Market:
  • 128
  • On Market Date:
  • 2021-05-19
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash, Cash To New Loan, 1031 Exchange
  • Laundry:
  • See Remarks
  • Cooling System:
  • Wall/Window Unit(s)
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Central
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Aaron Valenty of Berkshire Hathaway Homeservice
  • CACRMLS

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