$5,880,000
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0.3 Acres Lot
SOLD DATE : 07/11/2023
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23-450
Sold Date 07/11/23
Year Built 1898
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 13068.0
Property Sub-Type Commercial
Source Santa Barbara Multiple Listing Service
Property Description
Rare hospitality offering by downtown! Ultra-charming and authentic Victorian-style Inn, reinvigorated post-pandemic, is now for sale as a package of real estate and thriving cash-flow business (7% cap rate), including wine/beer/catering license. The 0.30-acre property enjoys the highest-value C-G zoning, allowing for profitable uses now and for future underlying investment value. The elegant styling provides guests gilded relaxation, with 8 deluxe suites incl. 2 separate-entry suites on ground level and penthouse suite w/large view deck. Gorgeous private gardens are ideal for small events, providing additional revenue streams. Group ''buyouts'' are common, with further income upside from new catering license, etc. Video in Photos (play with sound on), Offering Memorandum in Documents.
Location
State CA
County Santa Barbara
Direction On De La Vina Street between Victoria and Sola.
Interior
Heating GFA
Exterior
Parking Features Uncovrd
Others
Tax ID 039-121-009
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