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706 State St
Santa Barbara, CA 93101
Downtown Retail Bldg Zoned C-G · Retail Property For Sale
Investment Highlights
- Strong pedestrian traffic.
- Immediate proximity to top retailers.
- Features skylights and exposed brick wall.
- High visibility.
- Occupancy: current tenants lease expires 12/31/2026. They pay $8,270 a month gross for the rest of the term.
Executive Summary
706 State Street is a rare opportunity to acquire a premier property in the heart of downtown Santa Barbara’s iconic State Street corridor. The property benefits from exceptional visibility, strong pedestrian traffic, and immediate proximity to top retailers, restaurants, hotels, and cultural destinations that drive consistent local and tourist activity. The current tenant is scheduled to vacate at the end of the year, providing a buyer with near-term flexibility to reposition, re-tenant, or occupy the property. This creates a compelling opportunity for an investor or owner-user to capture upside in a supply-constrained, high-barrier-to-entry coastal market. As State Street continues its recovery and evolution, 706 State Street offers long-term value, strong fundamentals, and irreplaceable downtown Santa Barbara real estate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,079 SF
Building Class
B
Year Built
1920
Price
$2,373,175 CAD
Price Per SF
$1,141.50 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.07 AC
Zoning
C-G
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 037-092-017 | Improvements Assessment | $26,580 CAD |
| Land Assessment | $66,431 CAD | Total Assessment | $93,011 CAD |
Property Taxes
Parcel Number
037-092-017
Land Assessment
$66,431 CAD
Improvements Assessment
$26,580 CAD
Total Assessment
$93,011 CAD
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