Lower State
527 State Street
Santa Barbara, California, 93101 United States

Sotheby's International Realty - Santa Barbara Brokerage
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Listing image

527 State Street

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.

Listing Courtesy of Berkshire Hathaway HomeService
 
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Amenities & Features

  • Listing Details
    • Property ID
      NP21108014
    • MLS#
      NP21108014
    • Property type
      Hotel / Motel
    • Courtesy Of
      Listing Courtesy of Berkshire Hathaway HomeService
    • Status
      Contract Pending
    • Listing Price
      $49,000,000
    • County
      Santa Barbara County
    • School District
      Santa Barbara Unified
  • Utilities & Building
    • Year Built
      1925
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.57
    • cooling
      Propane Heating
    • Other
      Central
  • Additional Features
    • Features
      Corner Lot