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Upper East Owner/User or Investor/Development 111 E Arrellaga St 4,688 SF Office Building Santa Barbara, CA 93101 $4,285,750 CAD ($914.20 CAD/SF)
INVESTMENT HIGHLIGHTS
- Parking: 10 Spaces + more possible neighboring Simpson House B&B utilizes a portion of rear parcel for patio/gardens.
- Considered a Structure Of Merit, known as the "Chester House."
- Building size: ±4,688 SF Office + 1-bedroom apartment.
EXECUTIVE SUMMARY
Upper Eastside mixed use property on large, approximately 17,424 SF parcel with parking and excess land. The approx. 4,688 SF building is leased through December 2025 as a counseling office along with the rear, one bedroom apartment. Built in the early 1900s, this structure of merit is known as the Chester House with incredible charm and character. While originally built as a home, the property has a long history of medical and office uses. While the building is deemed a structure of merit, it does not have historical designation. Opportunity for an owner/user or investor to purchase this incredible location and add residential units to the property. Please do not disturb the tenant and inquire for any showings.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,688 SF
Building Class
B
Year Built
1900
Price
$4,285,750 CAD
Price Per SF
$914.20 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,344 SF
Building FAR
0.27
Lot Size
0.40 AC
Zoning
R-O - O-R Office/Medium High Density Residential (15-27 units per acre)
Parking
13 Spaces (2.77 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 027-191-006 | Improvements Assessment | $1,227,212 CAD |
| Land Assessment | $2,822,994 CAD | Total Assessment | $4,050,206 CAD |
PROPERTY TAXES
Parcel Number
027-191-006
Land Assessment
$2,822,994 CAD
Improvements Assessment
$1,227,212 CAD
Total Assessment
$4,050,206 CAD
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Upper East Owner/User or Investor/Development | 111 E Arrellaga St
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