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$ 2,750,000
Est. payment | /mo
0.55 Acres Lot
$ 2,750,000
Est. payment | /mo
0.55 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-39740
HOA Y/N No
Year Built 1961
Lot Size 0.551 Acres
Property Description
RARE OPPORTUNITY TO ACQUIRE A LONG-ESTABLISHED MARKET IN THE HEART OF ISLA VISTA NEAR UC SANTA BARBARA!PLEASE DO NOT VISIT WITHOUT APPOINTMENT.Serving the Isla Vista community since 1961, this well-known neighborhood market has built decades of name recognition in one of the most densely populated and student-oriented communities on the Central Coast.Excellent location within close proximity to UCSB and surrounded by a substantial year-round residential and student customer base. UCSB serves more than 26,000 students, creating consistent demand for groceries, beverages, prepared foods, convenience items and everyday necessities.The approximately 6,500 SF market offers an established grocery operation with strong community presence and significant potential for an energetic operator to continue expanding the concept. Opportunities may include enhanced deli and prepared-food offerings, grab-and-go meals, delivery, online ordering, student-focused promotions, expanded product selection and additional complementary services.The surrounding area continues to experience residential demand and proposed development activity. Potential future residential development associated with the property could create additional on-site and neighborhood customer traffic if ultimately approved and constructed, providing another possible long-term upside for the market. Buyer to independently investigate all proposed development plans and their potential impact on the business and premises.Excellent opportunity for an experienced grocery, market, convenience-store or food-service operator looking for a highly recognizable business in a unique, high-density coastal college community.Long-established location Strong community identity Excellent UCSB proximity Dense surrounding population Multiple avenues for future growth.Serious inquiries only. Financial information and additional business details available to qualified buyers subject to appropriate confidentiality requirements. PROOF OF FUNDS REQUIRED.
Location
State CA
County Santa Barbara
Area Glta - Goleta
Interior
Fireplace No
Others
Tax ID 075161013
Listed by Pardeep Singh Real Estate EBroker, Inc. #02214563