2086 Main Street

    Cambria, CA 93428
    • $2,750,000
    • STATUS: Active
    • ON SITE: 1321 days
    • ID#: SC1052901
    UPDATED: 23 min ago
    $2,750,000
    • 0
      BEDS
    • 1.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,607
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T11:26:24.29. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/50370711

    2086 Main Street Cambria, CA 93428

    • Price: $2,750,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: SC1052901
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.8
    Acres
    14,607
    SQFT
    $188
    $/SQFT
    Neighborhood:
    CAMB - Cambria
    County:
    San Luis Obispo
    Area:
    CAMB - Cambria
    Property Description
    Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44.
    Exterior Features

    Entry Level 0 Lot Features Down Slope From StreetLevel With StreetPaved Lot Size Source Assessor Parking Total 0.00 Roof Flat

    Interior Features

    Condo Area Units Square Feet Heating Wall HeaterElectric Heating YN Yes

    Property Features

    Building Area Units Square Feet Building Status Existing Business Type OtherRetail Cap Rate 4.30 Country Us Net Operating Income 169236.00 Property Sub Type Retail Utilities Cable AvailablePhone Connected Vacancy Allowance 0 Zoning Comrtl

    Listing provided courtesy of Bob Kasper of The Real Estate Company Of Cambria.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T11:26:24.29. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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