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$5,750,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,257 Sq. Ft.
  • 0.21 Acres
  • Updated 1 day ago
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A rare opportunity to acquire a premier, income-producing coastal asset in the heart of Santa Barbara. The property is fully leased to Chad's Restaurant, a long-standing and well-recognized local operator (est. 1957), providing stable base rent with additional upside through a percentage-rent structure tied directly to sales performance. Situated along Santa Barbara's iconic waterfront corridor, the property benefits from exceptional visibility, strong foot traffic, and immediate proximity to West Beach, the Harbor, Stearns Wharf, and downtown amenities. This irreplaceable location, combined with a proven tenant and built-in revenue growth potential, positions 216 W. Cabrillo Boulevard as a true trophy investment in one of California's most supply-constrained coastal markets.

Full Property Details for 216 W Cabrillo Blvd

General

  • Price: $5,750,000
  • Status: Active
  • Type: Commercial
  • Source: SBAOR
  • MLS ID: 26-694
  • Updated: 3/5/2026
  • Added to Site: 2 day(s) ago

Location

  • Area: 20 - SB/WEST OF STATE
  • County: Santa Barbara
  • Cross Streets: Bath St.

Structural Information

  • Square Feet: 3,257

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 9,147
  • Lot Size: 9147
  • Zoning: Other

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 033-092-010

Listed by Radius Group Commercial R.E.

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Listing agents

— 216 W Cabrillo Blvd —

  • Radius Group Commercial R.E.

  • Radius Group Commercial R.E.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 216 W Cabrillo Blvd

School District:Santa Barbara Unified School District
NameGradesDistance
McKinley Elementary School, Santa Barbara, CA
350 Loma Alta Drive, Santa Barbara, CA 93109
PK-60.5 mi
La Cumbre Junior High School
2255 Modoc Road, Santa Barbara, CA 93101
7-82.3 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 216 W Cabrillo Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Listed
$5,750,000
475%
MLS
10/23/2006
Sold
$1,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 216 W Cabrillo Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,051
2%
$2,083,564
2%
2024
$21,673
2%
$2,042,711
2%
2023
$21,280
2%
$2,002,659
2%
2022
$20,914
2%
$1,963,392
2%
2021
$20,433
1%
$1,924,895
1%
2020
$20,222
2%
$1,905,158
2%
2019
$19,870
1%
$1,867,803
2%
2018
$19,589
3%
$1,831,180
2%
2017
$18,942
3%
$1,795,276
2%
2016
$18,479
1%
$1,760,075
2%
2015
$18,276
2%
$1,733,638
2%
2014
$17,976
—
$1,699,679
—
2013
$17,895
—
$1,691,998
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 216 W Cabrillo Blvd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Radius Group Commercial R.E.

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216 W Cabrillo Boulevard, Santa Barbara, CA 93101 (MLS# 26-694) is a Commercial property. 216 W Cabrillo Boulevard is currently listed for $5,750,000 and was received on March 05, 2026. Want to learn more about 216 W Cabrillo Boulevard? Do you have questions about finding other Commercial real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

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