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$2,750,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-38796
HOA Y/N No
Property Sub-Type Retail
Property Description
428 Chapala St. is a +/-3,020 SF freestanding commercial building on a +/-16,117 SF parcel (0.37 AC) in the heart of downtown Santa Barbara, offered at $2,750,000. Operating today as a fully functional restaurant and formerly home to Sevilla, the property pairs 30 plus on site parking spaces with a +/-480 SF basement, making it an exceptionally rare downtown asset. It is occupied on a month to month basis and available on short notice for owner user occupancy or redevelopment.The building has been significantly upgraded in recent years, including restrooms, ADA work, building systems, and interior finishes, and is improved as a turnkey commercial kitchen. The month to month tenancy delivers income in place today with the flexibility to take occupancy or reposition on short notice. An owner user or restaurant operator can step into a fully built out, revenue generating F&B asset with an established dining pedigree, while an investor holds a leased property in one of the strongest corridors on the Central Coast.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Interior
Heating See Remarks
Cooling None
Fireplace No
Laundry None
Exterior
Fence Chain Link, Electric
Building
Lot Description Sprinklers None
Dwelling Type Retail
Water Public
Others
Tax ID 037211026
Special Listing Condition Standard
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Listed by Michael Lopus Colliers International (805) 680-8806, DRE #01970736
NEARBY SCHOOL & BUSINESS
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