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Listed by Heather Roda • Platinum Properties
$1,950,000
Est. payment /mo
Active
2380 Main Street Cambria, CA 93428
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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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