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Listed by Frankie M Ciano • Ciano Real Estate, Inc.
$5,200,000
Est. payment /mo
Active
51 South Ocean Avenue Cayucos, CA 93430
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-25056822
Year Built 1938
Property Sub-Type Hotel/Motel
Property Description
A premier investment opportunity, this Spanish Mediterranean property has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
Location
State CA
County San Luis Obispo
Area Cayu - Cayucos
Zoning Commercial/Residentail
Interior
Heating Forced Air
Cooling None
Laundry Inside
Exterior
Utilities Available Sewer Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available
Building
Lot Description Level with Street, Corner Lot