Santa Barbara Retail Space for Lease

How The Lease Option Works — In Plain English

1. Lease it Sign a 2-year NNN lease at $10,000/month and take possession immediately.

2. Lock the price The purchase option fixes today’s price — $2,350,000 — for the full two years. Whatever value you create in the meantime, the price does not move.

3. Create value Use the term to entitle a residential/mixed-use project — and sublease the existing building and yard while you do (with Lessor consent; no uses with
environmental impact) — or establish and grow your own business on site.

4. Close when ready Exercise the option during the lease term and close — pairing the purchase with construction financing or owner-user financing, arranged on your timeline.

Summary Of Lease-Option Terms:
Structure Two-year NNN lease with a fixed-price purchase option.

Monthly Rent $10,000 per month, NNN (tenant pays taxes, insurance & maintenance).

Option Price $2,350,000 — fixed for the full term/

Option Window Exercisable during the lease term (final window per option agreement.

PATH 1 — DEVELOPER: ENTITLE, THEN BUY:

Control the site for $10K/month while you entitle apartments — no land loan, no equity outlay.

Sublease the existing building while entitling (with Lessor consent) — cut your
net carry roughly in half.

Entitlement value you create accrues to you — the price is already fixed.

PATH 2 — OWNER/USER: OCCUPY, THEN OWN

• Move your business in now; buy the property in 2028 at a price you already know.

• Two years to prove the location before committing capital — option, not obligation.

• Owner-occupant financing at exercise — SBA-style low down payments after two years in occupancy.

Subleasing & Due Diligence:

Subleasing: permitted with Lessor consent — designed for a developer offsetting carry during entitlement; uses with environmental impact are excluded.

Available upon request: Phase I ESA (Aug 2025), Phase II subsurface soil report (Sep 2025), hoist-removal closure report (Feb 2026), preliminary title report, topographic survey, floor plan, and land use survey.

Contact Listing Agents for further details.

Prime corner visibility! A retail/industrial/showroom space in a visible, prime corner location with parking. High identity storefront windows, street frontage, and monument sign. Contact Listing Agents to show.

Prime corner visibility! A retail/industrial/showroom space in a visible, prime corner location with parking. High identity storefront windows, street frontage, and monument sign. Contact Listing Agents to show.

Prime corner visibility! A retail/industrial/showroom space in a visible, prime corner location with parking. High identity storefront windows, street frontage, and monument sign. Contact Listing Agents to show.

Located on the corner of E. Haley St. and Santa Barbara St. in Downtown Santa Barbara, this property offers a versatile industrial warehouse space ideal for a wide range of business operations. The property is divided into three separate buildings and features dedicated signage providing excellent exposure in a high-activity urban corridor. Situated within close proximity to the 101 Freeway with on-site parking, and the amenities of Downtown, the property offers convenient access for employees, clients, and deliveries, making it an exceptional opportunity for a plethora of different uses.

1715 State Street offers a rare opportunity to lease approx. 2,295 SF of highly visible commercial space along one of Santa Barbara’s most trafficked corridors. This versatile layout is ideal for office or retail users seeking a polished, professional environment with excellent exposure. Positioned on the State Street corridor, the building features potential signage, strong vehicle and pedestrian traffic, and immediate access to nearby amenities, dining, and services. With flexible configurations and clean, modern finishes, this space provides an outstanding platform for businesses looking to elevate their brand presence in the Santa Barbara market.

Parking, parking, parking. This rarely available property is for lease with a full kitchen, dishwashing area and walk-in refrigerator, but most of all, it has a significant amount parking and storage. Contact Listing Agent for details.
• Convenient to the 101 Freeway
• Surrounded by upper State St./San Roque amenities

NOW VACANT & READY FOR NEW OWNER/USER OR CHANGE OF USE

FOR SALE OR FOR LEASE | This approximately 5-acre commercial greenhouse property has income from a cell site and features a loading dock . It includes an office trailer, shed and cooler. Located in close proximity to the beach, hospital, Santa Barbara Airport and the University of California, Santa Barbara. NOW VACANT and available for a new owner-user or change of use. Contact Listing Agent for details.

Located in the heart of downtown Santa Barbara, immediately adjacent to Public Parking Lot. The property is in close proximity to many downtown amenities (dining, fitness and shopping). Functional layout with private offices, open work areas, conference room storage area, and kitchenette. This space is ideal for a tenant seeking a location in the heart of downtown, an efficient layout and an economical lease rate. Call Listing Agents to show.