3850 State St | Santa Barbara, CA 93105
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3850 State St
Santa Barbara, CA 93105
Best Western Plus Pepper Tree Inn · Hospitality Property For Sale · 60,244 SF
INVESTMENT HIGHLIGHTS
- Location, location, location. Irreplaceable real estate. State Street, Santa Barbara, CA
PROPERTY FACTS
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 3850 STATE ST , SANTA BARBARA, CA 93105
The property is at a traffic entrance off State Street, a main traffic artery. Motel buildings are constructed on the parcel. The ground lease term is 60 years dated back to 1961 and expires in May 2021. At lease expiration the buildings revert to the land owner - a copy of the lease will be provided to Buyer to confirm the reversion language.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,711,600 | |
| Land Assessment | $20,404,000 | Total Assessment | $32,115,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,404,000
Improvements Assessment
$11,711,600
Total Assessment
$32,115,600
ZONING
| Zoning Code | C-P/S-D-2 |
| C-P/S-D-2 |
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