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25 E Mason Street, SANTA BARBARA, CA 93101

$23,500,000
Property Type: Comm/Ofc Square Footage: 46,882 Lot Size (sq. ft.): 25,949 Status: Active
Current Price: $23,500,000 List Date: 9/22/2023 Last Modified: 3/22/2024

Description

This versatile building, ideally positioned in the heart of the Funk Zone, presents a rare and unique investment opportunity.* The building exhibits excellent qualities for an adaptive reuse project to ground floor retail with the potential for a hotel or residential loft-style units on the second and third floors. Originally the Bekins Moving & Storage Building and currently the tallest building in the waterfront area, the property received a significant capital investment in 2014 to its current R&D use. It is elevator-serviced with a floor elevator and a loading freight elevator. The building also offers an excellent opportunity for a rooftop deck amenity.

More Information MLS# 23-2869

Location Info

District: 15 - SB/EAST OF STATE Street #: 25 Dir: E Street Name: Mason Street Suffix: Street State/Province: CA Postal Code: 93101 Compass Map: Santa Barbara Map Grid: P13 County: Santa Barbara Parcel Number: 033-082-014 Cross Street: Helena Ave.

Contract Info

Current Price: $23,500,000 Price: 23500000 Buyers Agent $/%: 1.25 Begin Date: 2023-09-22 Status: Active

Property Information

TYP: Commercial For Sale/Lease: For Sale #Offices: 1 Total SqFt.: 46882 Apx Lot SqFt: 25949

Owner Info

Deposit: 705000

Remarks

Hot Sheet Comment: new

Property Features

Zoning: Other Terms: Cash; Ctnl Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: March - 22 - 2024
25 E Mason Street, SANTA BARBARA, CA 93101- MLS# 23-2869
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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