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437 2nd St 6,911 SF 100% Leased Retail Building Solvang, CA 93463 $5,466,833 CAD ($791.03 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 |
$31,442
|
$3.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$31,442
|
$3.82
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $31,442 |
| Annual Per SF | $3.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $31,442 |
| Annual Per SF | $3.82 |
| 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
$5,466,833 CAD
Price Per SF
$791.03 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 | $805,275 CAD |
| Land Assessment | $480,776 CAD | Total Assessment | $1,286,051 CAD |
Property Taxes
Parcel Number
139-191-012
Land Assessment
$480,776 CAD
Improvements Assessment
$805,275 CAD
Total Assessment
$1,286,051 CAD
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437 2nd St
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