101 E Victoria St
Santa Barbara, CA 93101
Bureau Propriété À vendre

Located at the highly visible corner of East Victoria and Anacapa Streets in the heart of downtown Santa Barbara is 101 E Victoria Street, an 11,195-square-foot Spanish-style two-story office building. Ideally positioned near the Santa Barbara County Courthouse, numerous professional service firms, the Arlington and Granada Theatres, and a wide variety of restaurants, shops, bars and amenities—making it an exceptional opportunity for a wide variety of owner-occupants or investors.
The ground floor, consisting of approximately 8,827 square feet, offers a functional and flexible floor plan that can accommodate a single user or up to four users with multiple entrances and restrooms. A portion of the ground floor has been thoughtfully converted into a live/work suite, complete with vaulted ceilings, a full kitchen, a full bathroom, and a private patio. The second floor, consisting of 2,368 square feet, offers additional office space with exceptional natural light and a layout that provides for multiple offices, two restrooms, a freestanding conference room and a private deck.
Between 2013 and 2018, the building underwent significant updates with the installation of new HVAC systems, updated breakrooms, updated bathrooms, new flooring, new decking, new parking lot, new landscaping and hardscaping, and a new roof. These thoughtful updates/remodels have further enhanced the building’s useability while refreshing the building’s classic Santa Barbara architecture— characterized by terracotta tile roofs, wood and metal trims, white stucco walls, and lush landscaping.
For visionary investors or developers, the property presents exciting development potential with its inclusion in the City’s High Priority AUD Overlay (63 units per acre) (https:// santabarbaraca.gov/government/priorities-policies/ build-new-housing/average-unit-size-density-aud-program) and the City’s Adaptive Reuse Ordinance (https:// santabarbaraca.gov/Adaptive-Reuse). The programs, coupled with the City’s Central Business Parking District (which would limit the needed parking for a development) offers significant development opportunities for a variety of residential, commercial or mixed-use projects.
Price: $6,000,000
Building Size: First floor 8,827 sf Second floor 2,368 sf Total 11,195 sf
Lot Size: 19,723 sf
CSO: 2.5%