Fantastic downtown Santa Barbara quintessential Spanish Style commercial building for sale located in the heart of the red hot 500 block. Perfectly located across from the newly remodeled Hotel Santa Barbara, couple of doors away from the trendy Drift Hotel, and close to the newly opened Ghirardelli Chocolate. This wonderful split level, highly versatile building is in beautifully upgraded condition with recessed lighting, new split HVAC units, remodeled bathrooms, beautiful staircase with original iron work, rear courtyard/patio, 12 foot ceilings on 1st floor and 8' ceilings on 2nd floor, with private balcony overlooking State St! The new State St boardwalk allows for a contiguous large patio on the sidewalk adding significantly more seating. A true gem!!