FOR SALE - Hayes Commercial Group

FOR SALE631-633 Chapala St & 109 W. Ortega St, Santa BarbaraDowntown Mixed-Use Property6,327 SF Office/Retail/Residential631 Chapala St109 W. Ortega StBuilding Size:Reduced Price:4,140 SF Commercial Building (divisible)1,731 SF 3BD/1BA SFR (per public records)486 SF Garage/storage (located on Ortega)6,327 SF Mixed-Use Property$1,700,000 ($269 PSF)Land Size:9,853 SFAPNs: 037-123-002 & 004Zoning:C-2 (General Commercial)Existing Leases: $3,000 Gross/month short-term lease at Chapalaexpiring on 3/16/2013, becoming month-to-monthwith mutual 30-day notice to vacate.Parking:Three tandem spaces on Ortega; none on ChapalaHVAC:Commercial building onlyZone of Benefit: 50%Age:1920s for both buildings. Chapala was substantiallyremodeled in 1984 and Ortega was substantiallyupgraded in the mid-80s.Comments: Centrally located in downtown Santa Barbara, thismixed-use property is situated along the highlydesirable Chapala corridor one block from the PaseoNuevo Mall.Note:Properties must be sold together. CLA for moredetails.The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t.C h r i s tos Ce l m ays ter805-898-4388christos@hayescommercial.comlic. 01342996