1617 N Broadway Santa Maria, CA 93454

$3,750,000
1617 N Broadway, Santa Maria, CA 93454
ML81709745

Commercial Property for sale in Santa Maria, CA

for $3,750,000. This 19,099 square foot building was built in 1969 on a lot size of 2.15 Acre(s).

Property Information

  • $3,750,000
  • Commercial
  • 19,099 Square Feet
  • Retail
  • Active
  • Lot size of 2.15 Acre(s)
  • Built in 1969
  • Santa Maria, CA
  • North West Santa Maria Neighborhood
  • Santa Barbara County
  • MLS/Web ID is ML81709745
  • Just Listed

Description

Rare opportunity for investors to acquire a high yield Coastal California Investment. The property features an approximate 19, 099 square foot commercial building (plus an additional approx. 422 square foot grandfathered mezzanine) on a 2.15 acre land parcel with 125 plus parking spaces. Property is located on a busy corner at a signalized intersection. Minimal management required - building is fully leased until 8/31/2014 with 3% annual rent increases to two seasoned tenants with strong, stable income streams and NNN lease structures. The tenants invested a substantial sum of money into their tenant improvements and have a successful operating history at the building.

Exterior 1

Parking

  • 100+ Parking Spaces

Miscellaneous 2

Accessibility

  • Wheel Chair Access

Utilities

  • Public Water/Sewer

† Excluded Feature

Listed By

Listing Agent: Karla Stevens Mainis
Broker: BAILEY PROPERTIES

1617 N Broadway, Santa Maria, CA, 93454 is a Commercial Property for sale at $3,750,000 with 19,099 sqft and a lot size of 2.15 Acre(s). 1617 N Broadway has 0.0 baths and was built in 1969. The property's zip code is 93454 which is in Santa Maria, CA

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Santa Maria $755,375 80 % below $395,000 89 % below
Commerical listings in Santa Maria $2,006,194 47 % below $787,500 79 % below

Get the facts about Santa Maria, CA!

Population 104,069
Population Growth (since 2000) 33 %
Median Income $50,147
Median Age 30.92
Households w/ Children 42 %

Residential Dwellings

  • Owned 14487
  • Vacant 1282
  • Rented 13644

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363