Third generation owners of Carpinteria’s oldest family-run restaurant and bar, The Palms, Bill Benett and Todd Bennett, have listed the property and business for sale for $9.85 million with Montecito Properties. Located at 701 Linden Ave., on a 11,325 sq. ft. lot, The Palms is a two-story mixed-use building with the landmark restaurant on the first floor and five apartments and an office on the second.
“A piece of admired Carpinteria history – this iconic restaurant was established in 1912 as a steak house with a twist, you cook your own steak,” the listing notes. “A legacy property – ready to embrace a new beginning with open arms.”
Built in 1910 by architect W.D. Isenberg, The Palms originally operated as a bank and hotel.