Free & Reduced Price School Meals Application & Eligibility Determinations
REDUCED PRICE 225 STATE ST.
Transcript of REDUCED PRICE 225 STATE ST.
225 STATE ST. SANTA BARBARA, CA 93101
225 STATE ST.
REDUCED PRICE±5,740 SF historic Funk Zone
building just blocks from Stearns
Wharf, within a 1/2 mile radius of
23 hotels comprising 900 rooms
Owner-User Opportunity
NOW OFFERED AT
$4,295,000
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
Reduced Price!
The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
The offering located at 225 State St. is prominently situated at the heart of Santa Barbara’ s vibrant Funk Zone, the South Coast’ s acclaimed food and wine mecca. The high visibility property has served as a premier gathering place for locals and tourists alike, currently occupied by Enterprise Fish Company. The property is strategically located in the epicenter of the Funk Zone as well as along the path of the Urban Wine Trail which attracts locals and tourists looking to sample Santa Barbara’ s finest. The beautiful historic brick building is also located just blocks from the historic Stearns Wharf which attracts over
5,000,000 visitors per year and is named Santa Barbara’ s #1 tourist destination.
Within a half mile radius of the subject property are 23 hotels comprising 900 rooms. This includes the Hotel Californian, a 121-key hotel, and +21,557 square feet of open plazas, paseos and gardens. A major part of the Funk Zone’s recent ongoing facelift has created some of the most significant retail, restaurant, and hotel changes the city has witnessed since the early 1990’s when the Paseo Nuevo Mall was built downtown just a few blocks up State Street.
Offering Specifics
Price $4,295,000 ($748/SF) | Owner-User Opportunity
Building Size ±5,740 SF
Land Size ±6,534 SF
APN 033-042-010
Zoning HRC-2/SD-3
Parking Public Lot Adjacent (Potential to develop an additional 3,000 SF on the premises due to a City parking credit of 53 spaces).
Restrooms Men’s & Women’s
Current Use Restaurant (Enterprise Fish Company)
CSO 2%
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
HWY 101
GARDEN ST
HWY 101
Stearns Wharf
Santa Barbara Harbor
Santa BarbaraTrain Station
West Beach
Santa Barbara City College
STATE ST
STATE ST
Paseo Nuevo Mall
The Funk Zone
Downtown Santa Barbara
CABRILLO BLVD
L O C AT I O N | D O W N T O W N S A N TA B A R B A R A & T H E F U N K Z O N E
225 State St. For Sale
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
STATE ST
YAN
ON
ALI S
T
Santa Barbara Harbor
StearnsWharfWest
Beach
DowntownSanta
Barbara
HW
Y 101
CABRIL
LO B
LVD
N E A R B Y AT T R A C T I O N S
1 The Arts Fund
2 Santa Barbara Wine Collective
3 Yoga Soup
4 Santa Barbara Roasting Company
5 Greyhound & Amtrak Stations
6 Hotel Indigo Santa Barbara
7 D'Angelo Pastry & Bread
8 Mountain Air Sports
9 Metropulos Fine Foods Merchant
10 REI
11 Tyger Tyger
12 Figueroa Mountain Brewery
13 The Lark Restaurant
14 The Californian Hotel
15 MOXI: The Wolf Museum of Exploration + Innovation
16 The Wayfarer Hotel
17 Casa Blanca Restaurant & Cantina
18 Channel Islands Surfboards
19 Santa Barbara FisHouse
20 CrossFit Santa Barbara
21 Seven Bar & Kitchen
225 State St. For Sale
19
1
17
9
5
21
13
3
11
7
15
2 18
10
6
14
4
20
12
8
16
MASO
N S
T
The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
P R O P E R T Y P H O T O S
The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
Property Address Property Type Comp SF Sale Price Price PSF Sold Date
Subject Property: 225 State St., Santa Barbara Retail 5,740 SF $4,295,000 $748/SF —
18 Anacapa St. Office 13,215 SF $8,800,000 $666/SF 10/26/2018
29 E. Cabrillo Blvd. Retail 8,000 SF $7,270,000 $909/SF 1/13/2017
601 State St. Retail 4,600 SF $3,700,000 $804/SF 9/2/2016
214 State St. Retail 8,584 SF $7,600,000 $886/SF 1/27/2016
2
2
1
1
4
4
5
5
3
3
C O M P A R A B L E P R O P E R T I E S S O L D
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
Property Address Property Type Size Asking Price Asking Price PSF
Subject Property: 225 State St., Santa Barbara Retail 5,740 SF $4,295,000 $748/SF
624 State St. Retail 10,217 SF $9,400,000 $920/SF
23 E . Yanonali St. Land 10,028 SF $3,200,000 $319/SF
32 Anacapa St. Retail 4,335 SF $4,950,000 $1,142/SF
42 Helena St. Retail 952 SF $2,500,000 $2,626/SF
2
2
5
1
1
4
5
4
3
3
C O M P A R A B L E P R O P E R T I E S F O R S A L E
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
Symbolizing the ultimate in casual California lifestyle, Santa Barbara is undoubtedly one of America’s most desirable destinations to live and travel.
Located on a pristine coastline approximately 337 miles south of San Francisco and 93 miles
north of Los Angeles, Santa Barbara is nestled between the Pacific Ocean and the Santa
Ynez Mountains. This stretch of coast is known as the “American Riviera” because of its
mild Mediterranean climate.
With a population of approximately 92,101, Santa Barbara is both small and vibrant. Locals
and visitors are drawn to the city’s charming downtown and picturesque State Street
with its rich Spanish architecture and historical sites, wide variety of shops and galleries,
numerous Zagat-rated restaurants and thriving open-air shopping centers like the famed
Paseo Nuevo Mall. Pristine, sunny beaches, an exapansive harbor and countless outdoor
attractions including the Santa Barbara Zoo, Santa Barbara Mission, Stearns Wharf and
Santa Barbara Museum of Natural History all add to the area’s appeal. And with nearly 220
vineyards within a short drive, Santa Barbara County is a renowned wine region offering an
array of some of the finest labels in the world.
Santa Barbara | The American Riviera
“Best Beach Town”Sunset Magazine’s 2015 Inaugural Travel Awards
“The 12 Best Cities for a Weekend Getaway”
U.S. News & World Report
“30 Best Small Cities in America”
Condé Nast Traveler’s Readers’ Choice Awards
T H E M A R K E T
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
Approx. 7.2 Million visitors to the South Coast in 2017.
Visitor split — 67.4% California Travelers, 17% Other US States, 17% International.
24% of visitors spend at least 1 night in area hotels. Average trip length 3 days / 2.4 nights.
$1.9 Billion in direct visitor spending annually.
The region is home to 220 vineyards and 23,000 acres of vineyards.
Tourism & Hospitality Industry supports roughly 18,341 jobs.
Source: 2016/2017 Destination Analysts & Visit Santa Barbara
Tourism
Annually, Santa Barbara welcomes more than 7.2 million tourists and approximately 30 cruise ships which generate over $1.9 billion in visitor spending.
Santa Barbara is sometimes referred to as the American Riviera. Its beautiful beaches, majestic mountains, and
colorful culture make Santa Barbara a premier resort destination as well as an attraction for neighbor counties such
as Ventura County (population 854,223), San Luis Obispo County (population 252,631) and Los Angeles County
(population 10,163,507). World-class accommodations and dining await many visitors. From the City, you are just
minutes away from Santa Barbara wine country. The gorgeous Santa Ynez Valley, with its breath-taking vistas, is
home to such notable attractions as Solvang and the Chumash Reservation.
The travel and tourism sector continues to be a driving force behind Santa Barbara County’s economy. In 2019, leisure
and hospitality workers totaled 28,614, according to UCSB’s Economic Forecast Project. (Compare that to 4,009
workers in the tech industry, 18,341 in retail and 23,035 in farming.) Annual spending by travelers to the South Coast
totals more than $1.9 billion and generates more than $45 million in yearly tax revenues, according to Destination
Analysts, a tourism market research firm.
T H E M A R K E T
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
The Funk Zone: Santa Barbara’s Unique Arts, Business & Industrial District
Over the past few years Santa Barbara’s Funk Zone has exploded into a contemporary sub-culture of artisan shops,
galleries, hip eateries, award-winning microbreweries, a craft distillery, and the Urban Wine Trail with 29 wine
tasting rooms all within walking distrance. Perfectly situated in Santa Barbara’s up-and-coming waterfront just
footsteps from the beach, Stearns Wharf and the city’s famed downtown, the mixed use neighborhood encompasses
approximately 16 square blocks adjacent to State Street, the main commercial thoroughfare through the city, and is
easily accessible off the 101 freeway and the Amtrak station.
Don’t be deterred by the name; the area doesn’t have a funk so much as it has a vibe. The Funk Zone delights visitors
and locals with its rich tapestry of historical marine structures, industrial lots and old houses which support a colorful
mixture of creative uses and give the zone its face, while its occupants that reside and work there embody its eclectic
soul. With a spirit for innovation and community, the neighborhood offers the best that Santa Barbara has to offer
wrapped in an eclectic, dynamic package. Artists, winemakers and chefs have taken up shop in aged warehouses and
forgotten scuba shops, transforming the zone into an understated array of hidden hot spots.
Indeed the Funk Zone offers the perfect contrast to the pristine red tile roofs and charming Spanish-style architecture
of Santa Barbara’s historic downtown. Minus the polish and plus some grit, the Funk Zone has its own distinctive
brand of charm. Filled with sightseers and locals, the Funk Zone offers the ultimate sense of discovery as it continues
to evolve and get better as ever more businesses crop up in the ‘hood.
T H E M A R K E T
± 5 , 7 4 0 S F F U N K Z O N E B U I L D I N G F O R S A L E2 2 5 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1
2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 5 . 2 0
Aus tin [email protected] Lic. 01518112
Chris [email protected] Lic. 01887788
State St.
Anacapa St.
Garden St.
Salsipuedes St.
Figueroa St.
CarrilloSt.
Canon Perdido St.
De la Guerra St.
Ortega St.
Cota St.
Haley St.
Gutierrez St.
Reddick St.
E. Montecito St.
Quarantina St.
Nopal St.
Milpas St.
Anacapa St.
Helena Ave.
Gray Ave.
Castillo St.
Montecito St.
CabrilloBlvd.Mason St.Natoma Ave.
Chapala St.De La Vina St.
Yanonali St.
Calle Cesar Chavez St.
Quinientos St.
.
State St.
Anacapa St.
Garden St.
Santa Barbara St.
Yanonali St.
Laguna St.
11AU BON CLIMAT
21 HAPPY CANYON VINEYARD 30FREQUENCY WINE CO.
08 SILVER 32BARDEN
24 CEBADA VINEYARD
13 GRASSINI FAMILY VINEYARDS
23JAMIE SLONE WINES
20SANFORD WINERY 05 CARR WINERY
15 SANGUIS
03WHITCRAFT WINERY
02 JAFFURS WINE CELLARS
33 POTEK WINERY
12 DEEP SEA
25DV8 CELLARS
17THE VALLEY PROJECT
14PALI WINE COMPANY
22LAFOND WINERY
18FOX WINE CO.
19 RIVERBENCH VINEYARD
04 OREANA WINERY
16AREA 5.1 WINERY
28 PARADISE SPRINGS WINERY
10MUNICIPAL WINEMAKERS
01 SANTA BARBARA WINERY
06KUNIN WINES
07 MARGERUM WINE COMPANY
29 MELVILLE WINERY
34 J. WILKES
Santa Barbara
Figg
rrillloooSSt.
StAGaaarrrddden
Saaannnta B
L.A.
S.B.
Evan
s Ave
.
El Camino Real
Lillie Ave.
09 SUMMERLAND WINERY
Hollister Ave
StorkeRd
Fairv
iewAv
e
LosCarnerosR
d
Cathedral Oaks R
d
Calle Real
GlenAnnie
Rd
31SAMSARA WINE CO.
S.B.
Buellton
S.B.
Olive
Mill Rd
Hot Springs Rd
L.A.
Coast Village Circle
Butter�y
LnBu
tte r�y
Ln
Coast Village RdCoast Villa
ge Rd
35 FOLDED HILLS
(Wineries are numbered according to the order they joined the Urban Wine Trail.)
Funk ZoneLa ArcadaMidtownPresidioGoletaMontecitoSummerland
SummerlandMontecitoGoleta
The Urban Wine Trail
Santa Barbara’s acclaimed Urban Wine Trail offers novices and aficionados
the opportunity to learn about and taste wines of many different varieties
crafted from Santa Barbara County’s finest vineyards. With 35 tasting rooms
conveniently located in the Funk Zone just blocks from downtown and the beach,
the wine trail was created to provide the ideal adventure for those wanting to sip
and savor without the lengthy car ride.
A uniquely “green” experience, the Urban Wine Trail can be navigated entirely
by foot, bike or even pedicab, allowing for detours to shop, sight see and sink
your toes in the sand. While rolling hills and breathtaking vineyards are
certainly a treat, this urban option is a dream for those looking to maximize their
wine tasting experience without ever leaving the excitement and amenities of
downtown Santa Barbara and the beach.
M A R K E T O V E R V I E W