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428 Chapala Street, Santa Barbara
$2,750,000
V1-38796 MLS ⋅ Active Status
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.

428 Chapala Street, Santa Barbara
517 Chapala Street, Santa Barbara
$2,500,000
V1-38795 MLS ⋅ Active Status
517 Chapala Street is an entitled redevelopment site in the heart of downtown Santa Barbara, one block off State Street. The +/-11,325 SF lot (0.26 acres) is zoned C2 and currently operates as a used car dealership, but its value lies in what comes next. The seller holds entitlements for a residential development, giving the next owner a head start if they choose to carry those plans forward, or the flexibility to take the site in a different direction. Contact the listing team for entitlement details.The timing aligns with a wave of institutional investment reshaping the downtown core. UC Regents acquired a property directly across the street last year, and Yardi Systems is relocating its corporate headquarters to Paseo Nuevo two blocks away, bringing roughly 600 employees into the immediate area. With strong Chapala Street frontage, walkable access to State Street retail, the Amtrak station, and the waterfront, and residential demand running well ahead of supply, 517 Chapala offers a rare shovel ready position in one of California's most supply constrained coastal markets.

517 Chapala Street, Santa Barbara
3609 State Street, Santa Barbara
$6,750,000
SR26025220 MLS ⋅ Active Status
We are pleased to offer for sale an incredible multi- Tenant Investment Opportunity in the preferred Santa Barbara San Roque neighborhood. The Tenants benefit from a “Perfect Storm” of exceptional business factors, a vibrant local high-income customer base, as evidenced by the upscale adjacent hillside homes, a steady high volume traffic count, and the advantages of being in a Premier High End Trade area, as evidenced by the influence of Prestigious Grocery Stores Whole Foods, Gelson’s and Bristol Farms. The Center boasts a complimentary Mix of Businesses; Home Improvement, Restaurants, Personal High Tech Devices, Financial Services, and Self Improvement/Wellness/Beauty. Ontare Plaza benefits from a symbiotic complimentary mix of Occupants, National Brands Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudys and Kaz To Go, along with Local Pillars Sleep Shoppe, TriCounty Blinds, and Salt Salon. Many of the Tenants have been long term residents of Ontare Plaza, planting deep business roots in the San Roque community. The Property and the charming surrounding area have created a strong Loyalty from the Renters, over half the Residents have operated at the location for over 13 years, with Baskin Robbins being a Community Stalwart for over 30 years, and Rudy’s Mexican Restaurant being a constant for almost 40 years. Tenant Stability has been synonymous with Ontare Plaza. Ontare Plaza is a perfect addition for the discerning investor who values stability, location and the Quest for Generational Wealth as Cornerstones in building their Portfolio. Call agents for more information.

3609 State Street, Santa Barbara

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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.