527-533 State St

Lower State, Santa Barbara, CA 93101

$49,000,000
Commercial / Office

AGENTS

Douglas Elliman
Douglas Elliman

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.
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PROPERTY DETAILS

  • Exterior
    .57 Acres
  • Property Type
    Commercial / Office
  • Year Built
    1926
  • MLS/Listing ID
    21-1818
  • Days On Market
    120

Amenities

  • Terrace
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Listing Courtesy of Berkshire Hathaway Home Services California Proper

LOCATION

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TRAVEL TIMEFROMLower State
TYPE OF TRANSPORTATION