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$1,750,000 Just Listed
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Property Description
A rare opportunity to acquire a premier property in the heart of downtown Santa Barbara's iconic State Street corridor. The property benefits from exceptional visibility, strong pedestrian traffic, & immediate proximity to top retailers, restaurants, hotels, & cultural destinations that drive consistent local and tourist activity. The current tenant is scheduled to vacate at the end of the year, providing a buyer with near-term flexibility to reposition, re-tenant, or occupy the property. This creates a compelling opportunity for an investor or owner-user to capture upside in a supply-constrained, high-barrier-to-entry coastal market. As State Street continues its recovery & evolution, 706 State Street offers long-term value, strong fundamentals, and irreplaceable downtown real estate.
Full Property Details
Full Property Details for 706 State St
General
- Price: $1,750,000
- Status: Active
- Type: Commercial
- Source: SBAOR
- MLS ID: 26-407
- Updated: 2/6/2026
- Added to Site: 2 day(s) ago
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: E. Ortega St.
Structural Information
- Square Feet: 2,413
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049.2
- Lot Size: .07
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 037-092-017
Listed by Radius Group Commercial R.E.
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Schools
Schools serving 706 State St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Santa Barbara, CA 290 Lighthouse Road, Santa Barbara, CA 93109 | K-6 | 1.9 mi |
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 0.8 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 0.8 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 706 State St
Date
Details
Price
Change
Source
2/06/2026
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 706 State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,082
1%
$68,587
2%
2024
$2,067
165%
$67,243
2%
2023
$781
2%
$65,926
2%
2022
$767
3%
$64,634
2%
2021
$745
1%
$63,367
1%
2020
$736
2%
$62,718
2%
2019
$723
2%
$61,489
2%
2018
$712
3%
$60,284
2%
2017
$689
-10%
$59,103
2%
2016
$762
1%
$57,945
2%
2015
$753
1%
$57,076
2%
2014
$743
—
$55,959
—
2013
$740
—
$55,707
—
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
Estimate the Cost for 706 State St
706 State Street, Santa Barbara, CA 93101 (MLS# 26-407) is a Commercial property. 706 State Street is currently listed for $1,750,000 and was received on February 06, 2026. Want to learn more about 706 State Street? Do you have questions about finding other Commercial real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.

