1222 State St

Classic, mid-century mixed-use building in the heart of Santa Barbara’s theatre district with upside. The building was built in 1950s out of reinforced concrete and has been well maintained currently with ground floor retail and second floor office suites. Opportunity for an investor, owner occupant, or developer reposition the second floor to residential units (see conceptual plan). Property features include private gated parking with access easements, attractive front or rear building entries, flexible floorplans, high ceilings with numerous skylights, almost 50 feet of frontage, windows on 3 sides, HVAC throughout, 5 sets of restrooms with numerous kitchenettes and classic attractive detailing. Steps from the Granada parking garage and the Granada Theatre with one way vehicular traffic on State Street. At under $500 per SF, this is a rare opportunity to acquire a unique Santa Barbara asset. Please do not disturb ground floor tenants. Contact Listing Agent for further details.