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Multi-Tenant Office Bldg | Lagoon District 114 E Haley St

21,470 SF 71% Leased Office Building Santa Barbara, CA 93101 $6,420,000 ($299/SF)

Investment Highlights

  • Zoning: M-C (Manufacturing-Commercial) Located in the AUD Priority Housing Overlay (37-63 units/acre) or 41 Units before State Bonus Density.
  • Existing striped parking spaces: 41
  • HVAC throughout.
  • Year built: 1973 - single-story industrial bldg (±7,920 SF) was built. 1983 - 2nd story addition (±7,920 SF) plus an attached, ±5,580 SF 2-story bldg
  • Sprinklers on the 2nd floor.

Executive Summary

This multi-tenant office building, strategically situated near the intersection of Haley and Anacapa Streets, presents a unique opportunity for those looking to invest in a well-located and versatile property. The building’s short-term leases offer flexibility, making it an attractive option for investors seeking both immediate and long-term value.
Inside, the property features impressive high ceilings that create an open atmosphere, adaptable to a wide range of uses—from traditional office spaces to creative work environments or even retail. The layout is designed to maximize versatility, offering the potential for adaptive reuse, which allows for the re-configuration of suites to suit various tenant needs or future development plans.
Convenient on-site parking adds to the building’s appeal, providing ease of access for tenants and visitors alike. Additionally, the property is just a short walk from the vibrant State Street corridor and the charming Laguna District, placing it in close proximity to an array of dining options, boutique shops, and essential downtown amenities. This prime location, combined with the property’s adaptable nature, makes it an ideal candidate for long-term ownership, catering to both investors and end-users looking to capitalize on the thriving Santa Barbara market.

Attachments

114ehaleyst_s_v3

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
21,470 SF
Building Class
B
Year Built
1973
Price
$6,420,000
Price Per SF
$299
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,263 SF
Building FAR
0.76
Land Acres
0.65 AC
Zoning
M-C - M-C (Manufacturing-Commercial) Located in the AUD Priority Housing Overlay (37-63 units/acre) or 41 Units before State Bonus Density.
Parking
42 Spaces (1.96 Spaces per 1,000 SF Leased)

Amenities

  • Natural Light
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste A
  • 3,120 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste I
  • 1,920 SF
  • Office
  • -
  • Now

Available starting January 2024.

  • 1st Fl-Ste K
  • 1,200 SF
  • Office
  • Full Build-Out
  • Now

Includes two private offices, one large office that can be used as a conference room, two in-suite restrooms, an outdoor balcony, air conditioning, and two private parking spaces.

Space Size Space Use Condition Available
1st Fl-Ste A 3,120 SF Office - Now
1st Fl-Ste I 1,920 SF Office - Now
1st Fl-Ste K 1,200 SF Office Full Build-Out Now

1st Fl-Ste A

Size
3,120 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste I

Size
1,920 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste K

Size
1,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste A

Size 3,120 SF
Space Use Office
Condition -
Available Now

1st Fl-Ste I

Size 1,920 SF
Space Use Office
Condition -
Available Now

Available starting January 2024.

1st Fl-Ste K

Size 1,200 SF
Space Use Office
Condition Full Build-Out
Available Now

Includes two private offices, one large office that can be used as a conference room, two in-suite restrooms, an outdoor balcony, air conditioning, and two private parking spaces.

Walk Score ®
Walker's Paradise (98)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031-271-028
Land Assessment
$887,962
Improvements Assessment
$1,897,028
Total Assessment
$2,784,990
  • Listing ID: 32986134

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 114 E Haley St, Santa Barbara, CA 93101

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