Property Detail

527 State

Santa Barbara CA 93101

$49,000,000

Status: Active

Property Details

Description

This is a once-in-a-lifetime opportunity to acquire a trophy, downtown landmark with high-quality architectural detail positioned in the heart of Downtown Santa Barbara. The Hotel sits upon a little over a half-acre with 75 guest rooms, a lobby, and 6 street-level retail spaces, with the retail being anchored by a Starbucks Coffee. The hotel is a single U-shaped building and rear parking area. The hotel has interior corridors and includes two, 480 square foot meeting rooms and a small kitchen that is used for a lobby breakfast service (currently on hold due to COVID-19). The six tenants are all located on the first floor and are accessible from State Street. In addition to the six leased tenants, the hotel leased roof-top space to a cell tower company. The retail improvements are approx. 6,105, the hotel building is roughly 39,305 square feet, for a total of 45,410 square feet including the 1,220 square foot basement.

Map Location

Listing provided courtesy of Aaron Valenty of Berkshire Hathaway HomeService. Last updated 2021-09-25 08:24:46.000000. Listing information © 2021 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #00900108
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