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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 Commercial
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
Area Camb - Cambria
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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