Bill Maddox, DRE#01972575, REALTOR®
(805) 215-0729
MLS#V1-38796
STATUSPending
PROPERTY TYPECommercial - Retail
Listing Courtesy of:
Colliers International
Agency Phone: (310) 621-8838
Associate Name: Michael Lopus
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Bill Maddox, DRE#01972575, REALTOR®
Property Description
428 Chapala St. is a +/-3,020 SF freestanding commercial building on a +/-16,117 SF parcel (0.37 AC) in the heart of downtown Santa Barbara, offered at $2,750,000. Operating today as a fully functional restaurant and formerly home to Sevilla, the property pairs 30 plus on site parking spaces with a +/-480 SF basement, making it an exceptionally rare downtown asset. It is occupied on a month to month basis and available on short notice for owner user occupancy or redevelopment.The building has been significantly upgraded in recent years, including restrooms, ADA work, building systems, and interior finishes, and is improved as a turnkey commercial kitchen. The month to month tenancy delivers income in place today with the flexibility to take occupancy or reposition on short notice. An owner user or restaurant operator can step into a fully built out, revenue generating F&B asset with an established dining pedigree, while an investor holds a leased property in one of the strongest corridors on the Central Coast.
Property Features
Property Type: Commercial - Retail
Cooling: None
Heating: See Remarks
Feature Descriptions
Days on Site: 45
Fencing: Chain Link, Electric
Laundry: None
Lot: Sprinklers None
Parcel#: 037211026
Water: Public
Listed By / Shown By
Listed By
Agency Name: Colliers International
Agent Name: Michael Lopus
Agency Phone: (310) 621-8838
Shown By
Agent Name: Bill Maddox, DRE#01972575, REALTOR®
Agent Phone: (805) 215-0729
Agency Title: Farrell Smyth, Inc.
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428 Chapala Street | MLS# V1-38796
This commercial property located at 428 Chapala Street, Santa Barbara, CA 93101 is currently listed for sale with an asking price of $2,750,000. Search Santa Barbara real estate on billmaddox.farrellsmyth.com today.