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527-533 State St

Santa Barbara, CA 93101
  • $49,000,000
  • STATUS: Active
  • ON SITE: 30 days
  • MLS #: 21-1818
UPDATED: 154 min ago
$49,000,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1926
County:

School Ratings & Info

Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

Description

Once in a lifetime opportunity to acquire the Hotel Santa Barbara, a trophy, Santa Barbara landmark w/high-quality architectural detail, located in the well-traveled downtown area, five blocks from the ocean and Stearns Wharf pier. Located on the popular Lower State Street corridor, it is surrounded by numerous restaurants, shopping venues, and entertainment such as theaters and art galleries. The hotel is situated on a 25,000 sf lot and features 75 guest rooms, a lobby, and 6 ground-level retail spaces along State Street anchored by Starbucks Coffee at the immediate corner. The single U-shaped building is served by a rear surface parking lot with 23 spaces. Size of the improvements are approx 6,105 sf for the retail, roughly 39,305 sf for the hotel portion, & 41,410 sf total.In addition to the six ground-floor retail tenants, there is a roof-top cell-tower installation. Included in the hotel is also a small basement totaling approx 1,220 sf. The hotel itself features a lobby, two meeting rooms, and a small kitchen used for a lobby breakfast service (currently on hold due to COVID-19).

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© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-19T23:46:50.077. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-06-19T23:46:50.077.
www.theziagroup.com/homes/117428868
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527-533 State St Santa Barbara, CA 93101

  • Price: $49,000,000
  • Status: Active
  • Updated: 154 min ago
  • MLS #: 21-1818
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1926
Built
Neighborhood:
SB/West of State
County:
Santa Barbara
Area:
SB/West of State
Property Description
Once in a lifetime opportunity to acquire the Hotel Santa Barbara, a trophy, Santa Barbara landmark w/high-quality architectural detail, located in the well-traveled downtown area, five blocks from the ocean and Stearns Wharf pier. Located on the popular Lower State Street corridor, it is surrounded by numerous restaurants, shopping venues, and entertainment such as theaters and art galleries. The hotel is situated on a 25,000 sf lot and features 75 guest rooms, a lobby, and 6 ground-level retail spaces along State Street anchored by Starbucks Coffee at the immediate corner. The single U-shaped building is served by a rear surface parking lot with 23 spaces. Size of the improvements are approx 6,105 sf for the retail, roughly 39,305 sf for the hotel portion, & 41,410 sf total.In addition to the six ground-floor retail tenants, there is a roof-top cell-tower installation. Included in the hotel is also a small basement totaling approx 1,220 sf. The hotel itself features a lobby, two meeting rooms, and a small kitchen used for a lobby breakfast service (currently on hold due to COVID-19).
Interior Features

Amenities ElevatorViews

Property Features

Business Information Current Use Hotel/Retail Condition Excellent Cross Street Cota St Deposit 2.00 For Sale Or Lease For Sale Gross Square Feet 45410.00 Offices 0 Parking Uncovrd Retail 6 Terms CashCtnl Type Commercial Use Other Zoning C-M

Listing information © 2021 Santa Barbara MLS
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-19T23:46:50.077. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-06-19T23:46:50.077.
 
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The Zia Group | eXp Realty
1435 Anacapa Street
Santa Barbara CA, 93101
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.