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$5,650,000

  • Sold
  • Closed
  • Commercial Lease
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Located in the heart of downtown Carpinteria, The Palms building has been the anchor of Linden Avenue for decades.Zoned for multiple uses, the property has recently received conceptual approval from the City to become a 17-room boutique hotel, bar & restaurant, subject to a full set of plans being reviewed and approved.Since 1912, 701 Linden has had a prominent place in Carpinteria & most recently housed the beloved Palms Restaurant; a gathering place for locals & destination for tourists.The bldg consists of a large restaurant downstairs with several individual rms on the 1st & 2nd floor.The space offers incredible flexibility for a new owner to create an exceptional venue.Today, downtown Carpinteria is undergoing a rejuvenation, & now is the time to take The Palms into its next chapter.

Full Property Details for 701 Linden Ave

General

  • Sold For: $5,650,000
  • Status: Closed
  • Type: Commercial Lease
  • Source: SBAOR
  • MLS ID: 22-114
  • Added to Site: 1, 509 day(s) ago

Business

  • Name: The Palms

Parking

  • Parking Features: Other, Public Lot, Reserved

Location

  • Area: 05 - CARPINTERIA-SUMMERLAND
  • Cross Streets: 7th Street
  • Driving Directions: Take exit 86B from the 101 and head southwest on Linden Ave. 701 Linden Ave. is on the right.
  • Neighboring Bus.: Restaurant

Lot Features

  • Lot Size (Sq. Ft.): 11,325

Listed by Berkshire Hathaway HomeServices California Properties
Sold by Sotheby's International Realty

Listing agents

— 701 Linden Ave —

  • Berkshire Hathaway HomeServices California Properties

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 701 Linden Ave

School District:Carpinteria Unified School District
NameGradesDistance
Carpinteria Senior High School
4810 Foothill Road, Carpinteria, CA 93013
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 701 Linden Ave

Date
Details
Price
Change
Source
6/05/2023
Sold
$5,650,000
-27.1%
MLS
12/06/2022
Price Reduced
$7,750,000
-13.41%
MLS
1/14/2022
Listed
$8,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Berkshire Hathaway HomeServices California Properties
Sold by Sotheby's International Realty

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701 Linden Avenue, Carpinteria, CA 93013 (MLS# 22-114) is a Commercial Lease property that was sold at $5,650,000 on June 05, 2023. Want to learn more about 701 Linden Avenue? Do you have questions about finding other Commercial Lease real estate for sale in Carpinteria? You can browse all Carpinteria real estate or contact a Coldwell Banker agent to request more information.