Description

This two-story retail and office building is 100% leased with long-term, good-paying tenants, conveniently located near the high traffic intersection of Broadway and Main St. in downtown Santa Maria. The adjacent area is in the midst of extensive commercial and residential revitalization, with over 330 projected new apartments in the immediate area. LOT SIZE - 9,360 SF BUILDING SIZE - 10,387 SF TOTAL LEASABLE SPACE - Approx 8,860 SF PARKING - Curbside parking in front on Main St., shared parking lot behind building with back door access. LOWER LEVEL - Six commercial/retail stores and 65 ft of Main St. frontage. UPPER LEVEL - Ten individual offices and 2 two-fixture common restrooms. ZONING - SP Gateway: Commercial, Retail, Restaurant, Community Centers, Theater APN - 123-043-015, Santa Barbara County LOCATION - South side of Main St., one and one-half blocks West of Broadway. CONSTRUCTION - Frame stucco walls with block masonry dividing walls, flat asphalt roof, plate glass window frontage. LONG-ESTABLISHED TENANTS ZERO VACANCY (SEPT 2025) GROSS REVENUE $119,157 (2024) EXPENSES $54,959 NET OPERATING INCOME $62,197