Active
2380 Main Street
Cambria CA, 93428
$1,999,000
$308.82 per sqft
Active
6,473 sqft
Commercial
Built in 1978
Listed by Heather Roda with Platinum Properties 805-610-9270
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!
NS24197475
MLSⓇ ID
October 4, 2024
Listed
October 18, 2024
Updated
Map
2380 Main Street
Cambria CA, 93428
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.74 Acres
Lot Features
6-10 Units/Acre
Other Property Details
Area Name
CAMB - Cambria
Days on Market
13
Garage
No
Parking Total
24
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Listing Contact: 805-226-4204
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/18/2024 at 12:53 PM UTC