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2380 Main St

Cambria, CA 93428

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$1,600,000

6,473 sq ft

2380 Main St

Cambria, CA 93428

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Listed On: 10/04/2024
Status: Active
Listing Number: NS24197475 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Heather Roda, Platinum Properties
Listing Co-Agent: Jennifer Dawson, Platinum Properties

Looking to diversify your portfolio with a prime commercial property? Or maybe you're searching for a stable, long-term investment in one of California's most charming coastal towns? Situated in the heart of Cambria, California, this fully occupied commercial property offers an exceptional investment opportunity in a high-visibility location. Cambria, renowned for its quaint village atmosphere, artistic community, and stunning natural beauty, draws both locals and tourists year-round. Cambria is located about half way between San Fransisco and LA, only 34 miles north of San Luis Obispo and 9 miles south of the famous Hearst Castle. With a population of around 6,000 residents, Cambria is nestled between scenic pine forests and the Pacific Ocean, offering a peaceful yet vibrant setting. The property is just 2 miles from the beach and only 1.4 miles from Highway 1, making it ideally located for continued success. It spans 6,473 square feet across 7 units, with one tenant currently occupying two units. Zoned commercial retail, it is fully leased to a variety of thriving businesses, including two popular restaurants, JJ's Pizza and Wild Ginger, the well-loved boutique Sea & Green, a salon, barber shop and a high-end smoke shop. Each business enjoys steady foot traffic thanks to the prime location in Cambria's bustling retail district. Family-owned and built in 1978, this property is on the market for very the first time!!! What a unique opportunity to own a piece of Cambria's history. The lot encompasses 32,300 square feet and includes a 22-space parking lot and three storage buildings. 4.95 EDU's of water are assigned to the lot and 3.95 EDU's are currently in use. With long-term tenants in place and the potential to further maximize rental income, this commercial property is a rare gem in one of California's most picturesque coastal towns! Seller is having the property re-roofed in October. Seize this opportunity to grow your portfolio today!
Property Type
Commercial Sale
Property Sub Type
Retail
Asset Class
Multi-Family, Office, Retail
Year Built
1978
Special Listing Conditions
Standard
Stories Total
1
Current Use
Commercial
Number Of Buildings
1
Number Of Units Total
7
Entry Level
1
Building Status
Existing
Price Per Square Foot
$247
Days On Market
459
County Or Parish
San Luis Obispo
Investment Property Y/N
Yes
Cooling Y/N
No
Heating Y/N
Yes
Directions
Highway 1 to Main Street.
Heating
Forced Air
Cooling
None
Laundry Features
None
Security Features
Fire Sprinkler System
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source
Public
Business Type
Barber/Beauty, Other, Pizza, Restaurant, Retail
Condo Area Units
Square Feet
Parking Total
24.00
Land Use
Retail
Common Interest
None
Parcel Number
013242001
Additional Parcels Y/N
No
Number Of Units Leased
7
Operating Expense
26761.00
Effective Gross
107703
Net Operating Income
79060.00
Operating Expense
26761.00
Net Operating Income
79060.00
Cap Rate
4.90

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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