2380 Main Street Active

Cambria,CA 93428

$ 1950000

- Bed

0 Bath

- SqFt


Key Details

Property Type Other Types

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID NS-24197475

Year Built 1978

Property Sub-Type Retail

Property Description

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 Hearts 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--all offered at under $2M with a cap rate of approximately 4.9%. Seize this opportunity to grow your portfolio today!

Location

State CA

County San Luis Obispo

Interior

Heating Forced Air

Cooling None

Laundry None

Exterior

Utilities Available Sewer Connected,Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected

Building

Lot Description 6-10 Units/Acre

Others

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