7 E Anapamu St, Santa Barbara, CA 93101 For Sale

Single Tenant Net Leased Investment in a premier Santa Barbara location at a 5.85 cap. The approximate $ 4M remodel has transformed the prior Arts and Letters Café into a true masterpiece, and features dramatic whitewashed ceilings, gorgeous quartz flooring, 10 person bar, stylish lounge area, dining area, plus kitchen area with extended cookline. The phenomenal rear patio is one of the best patios in all of Santa Barbara, and features exquisite perimeter stone work and on the imported olive tree planters, quartz flooring, handsome sconces, string lighting, and fireplace. This extremely well located restaurant building is perfectly positioned in the “restaurant row” area of Santa Barbara, where many long term, well established, successful restaurants are located, due to close proximity the 2 top performing arts venues, the Granada Theater and Arlington. Additionally, ease of parking, strong daytime population, along the part of town that captures locals and the over 6M annual tourists, make this the perfect Santa Barbara location!