Mixed-Use Restaurant/SFR Property with Development Potential
Retail | 4,067 SqFt
Marketing description
An exceptional investment opportunity across from the beach in Santa Barbara’s coveted waterfront district. This mixed-use property features the renowned Toma Restaurant & Bar—one of the city’s most celebrated dining destinations—and a charming single-family residence offering flexible use or rental income. Situated directly along Cabrillo Boulevard with stunning ocean views, this property lies just steps from the harbor, Stearns Wharf, and downtown. With its premier location and zoning, the site presents strong potential for future hotel development, making it ideal for investors or developers.
Investment highlights
Price $4,000,000
Building Size Restaurant 2,867 SF
SFR (rear) 1,200 SF
Total 4,067 SF
Lot Size Approx. 7,350 SF (.17 acre)
APN 033-091-006
Zoning HRC-1 (Hotel and Related Commerce) / SD-3 (Coastal Overlay Zone)
Development Potential 3,000 SF of additional nonresidential floor area may be developed per the City’s Growth Management Program.
Year Built Estimated 50+ years ago
Current Gross Income $148,416 (restaurant only)
Tenant Toma Restaurant + SFR resident
Parking None; legal non-conforming
with credit for 13 spaces
HVAC Yes
Restrooms Three
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