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437 2nd St 6,911 SF 100% Leased Retail Building Solvang, CA 93463 $5,582,284 CAD ($807.74 CAD/SF)
INVESTMENT HIGHLIGHTS
- Downtown Solvang
- Retail, Hotel, and Restaurant use upside
- Detailed Danish Architecture
- Exclusive Owner Penthouse with four stop elevator
- Great potential upside in rental income
EXECUTIVE SUMMARY
This stunningly designed downtown Solvang commercial building showcases outstanding architectural details and an impressive penthouse with a private elevator spanning four floors. The penthouse includes three bedrooms, two fireplaces, and Douglas fir beams, vaulted ceilings, and breathtaking city and mountain views. You will find a 30 plus seat restaurant with patio, and five retail and office spaces, ideal for conversion into vacation rental units, complemented by a carport and onsite parking. ADA-compliant restrooms are available, along with a one-bedroom short-term rental unit that generates income and high ratings. This unique property is perfect for downtown owner-occupied living, offering additional rental income potential and conveniently located across from the Solvang Festival Theater.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$32,106
|
$3.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$32,106
|
$3.90
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $32,106 |
| Annual Per SF | $3.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $32,106 |
| Annual Per SF | $3.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,911 SF
Building Class
B
Year Built
1981
Price
$5,582,284 CAD
Price Per SF
$807.74 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.99
Lot Size
0.16 AC
Zoning
TRC - Tourist Related Commercial.. Northern European architecture allows for mixed use, tourist related, hotel uses, and residential.
Parking
8 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
50’ on 2nd St
AMENITIES
- Signage
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Airbnb and Vrbo
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Airbnb and Vrbo | - | - | - | - |
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 139-191-012 | Improvements Assessment | $827,229 CAD |
| Land Assessment | $493,884 CAD | Total Assessment | $1,321,113 CAD |
PROPERTY TAXES
Parcel Number
139-191-012
Land Assessment
$493,884 CAD
Improvements Assessment
$827,229 CAD
Total Assessment
$1,321,113 CAD
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437 2nd St
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