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701 LINDEN AVENUE

CARPINTERIA, CA

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Two-Story Mixed Use Building • First Floor: Timeless Restaurant/Tavern • Second Floor: Vintage Lodging
Established in 1912 • Lot Size 11,325 +/- Sq. Ft.
(Source: Public Records)

 

Offered at $7,750,000

For sale for the first time in generations, The Palms property at 701 Linden Avenue in Carpinteria, California, is being offered as a complete package of real estate, business and brand together.

 

Treasured by locals, regulars and celebrities alike since the current owner's family began The Palms restaurant in the 1950's and with a continuous brand history going back to the original Palms Hotel in 1912, the sale package is the rarest of opportunities to acquire prime real estate in an A+ Southern California beach town location, in an iconic building, along with an iconic business and brand.

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Located on Linden Avenue, which is the central commercial strip, The Palms building is only a few blocks away from Carpinteria Beach, informally known as the “world’s safest beach”. The town of Carpinteria has been a sort-of-secret coastal getaway for years, but is now evolving into its deserved place atop the list of small-town destinations for laid-back tourism and toes-in-sand relaxation.

In November 2022, the City of Carpinteria Planning Commission gave preliminary conceptual guidance for a proposed 17-room new Palms Hotel + restaurant/bar. This milestone moves forward an historic return to the Palms hospitality roots; for a buyer who wishes to continue the process, there is a description, layout and financial analysis enclosed in addition to the Real Estate Value package.

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Offering the ultimate gathering place for locals and a sought-after destination for tourists - Carpinteria and The Palms are welcoming, authentic and embody the true California spirit.

CURRENT USE PROPERTY DETAILS

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The property features over 10,600sf of mixed-use commercial and lodging space, on a lot size of over 11,400sf.  The street level consists of The Palms large restaurant space, plus a small adjacent 2nd commercial space rented separately to a month-to-month tenant, and a 1-room apartment. Upstairs are vintage lodging units.

Address: 701 Linden Avenue, Carpinteria, CA Parcel Number:  003-311-007

Lot Size:  11,453 square feet / 0.263 acres

Square Footage (measured gross):

    Commercial - The Palms:  5,255 SF

    Commercial - Tenant:  591 SF

    Lodging - Downstairs:  580 SF

    Lodging - Upstairs:  4,230 SF

TOTAL Gross SQFT:  10,656 SF

Parking:   On-site 9 spaces uncovered

    Off-site 38 zone of benefit spaces

Zoning:  Central Business District (CB)

Zoning Overlay:  Visitor Serving Commercial Overlay 

The Palms Restaurant Seating Capacity:  117
The Palms Dance Floor Capacity:  40    

Restrooms:  4 total (2 each for restaurant, bar)    

Lodging Unit Mix (as currently used):

    1 x 2-room (shared hall bath)

    2 x 1-room (shared hall bath)

    1 x 1-room/1-bath

    2 x studio/office (shared hall bath)

*All information is deemed reliable, but not verified. 

THE PALMS: RESTAURANT

Open up until the start of the Pandemic, The Palms Restaurant was more than just a restaurant, it was a destination, a community, an experience.

PROMINENT COMMUNITY PRESENCE

A piece of admired Carpinteria history - the building was established in 1912 and has been open ever since - maintaining a prominent community presence for over 110 years.

LINDEN AVENUE, CARPINTERIA

Offering the ultimate gathering place for locals and a sought-after destination for tourists, Downtown Carpinteria is welcoming, authentic and embodies the true California spirit.