2262 Main Street

    Cambria, CA 93428
    • $1,650,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: SC18165130
    UPDATED: 51 min ago
    $1,650,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $330
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Prime commercial in the heart of the East Village of Cambria. Iconic to the central coast, this historic building has been completely remodeled from top to bottom in 2008. The entire 5000 Square feet has been updated with numerous enjoyment and safety features, designed with the flavor of the wild west. With 6 apartments above, and a commercial space below, currently leased to Mozzi+GGs Saloon, sit back and collect the rents or explore endless opportunities for your future business endeavors. One of the only mixed use commercial buildings on Main Street with numerous apartments above, once used as hotel rooms, in high demand and always rented grossing $7830.00 per month. Profit and loss statements are available for 2016 - 2017 and are attached to the listing. Permitted as a hotel, the units above could be treated like vacation rentals. County information is also attached.Unit 1 $800 Units 2,3,5 - $700 (going up in Jan. 2019 ) Unit 4 - $600 (could go up to $700)Unit 6 - $825 Downstairs bar rent just increased - $3605 and goes up 3% per year each Sep ( so just went up this month) annually each subsequent . The bar pays a portion of utilities. the lease is up in 2022 however there is a 10 year extension to 2032

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T21:34:25.89. 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, 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.
    www.pismohomes.com/homes/85531354

    2262 Main Street Cambria, CA 93428

    • Price: $1,650,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: SC18165130
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    5,000
    SQFT
    $330
    $/SQFT
    1922
    Built
    Neighborhood:
    CAMB - Cambria
    County:
    San Luis Obispo
    Area:
    CAMB - Cambria
    Property Description
    Prime commercial in the heart of the East Village of Cambria. Iconic to the central coast, this historic building has been completely remodeled from top to bottom in 2008. The entire 5000 Square feet has been updated with numerous enjoyment and safety features, designed with the flavor of the wild west. With 6 apartments above, and a commercial space below, currently leased to Mozzi+GGs Saloon, sit back and collect the rents or explore endless opportunities for your future business endeavors. One of the only mixed use commercial buildings on Main Street with numerous apartments above, once used as hotel rooms, in high demand and always rented grossing $7830.00 per month. Profit and loss statements are available for 2016 - 2017 and are attached to the listing. Permitted as a hotel, the units above could be treated like vacation rentals. County information is also attached.Unit 1 $800 Units 2,3,5 - $700 (going up in Jan. 2019 ) Unit 4 - $600 (could go up to $700)Unit 6 - $825 Downstairs bar rent just increased - $3605 and goes up 3% per year each Sep ( so just went up this month) annually each subsequent . The bar pays a portion of utilities. the lease is up in 2022 however there is a 10 year extension to 2032
    Exterior Features

    Construction Materials Stucco Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Roof Composition

    Interior Features

    Building Features Living Quarters Condo Area Units Square Feet Heating Forced AirNatural Gas Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Hotel/Motel Building Area Units Square Feet Building Name Old Cammozzis Saloon Building Status Existing Business Type Bar/Tavern/LoungeHotel/MotelMulti-Tenant Country Us Effective Gross 104200 Electric Expense 12044.00 Gross Scheduled Income 104200.00 Insurance Expense 4000.00 Investment Property YN Yes Land Use Multi-FamilyRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 3000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 68407.00 Number Of Units Leased 7 Occupancy Occupied Operating Expense 35793.00 Professional Management Expense 5400.00 Property Sub Type Mixed Use Real Estate Tax Expense 6500.00 Retail Center Type Mixed Use Security Features Carbon Monoxide Detector(S)Fire SprinklersSecurity SystemSmoke DetectorWired For Alarm System Special Listing Conditions Standard Total Monthly Rent 7740 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone Connected Water Sewer Expense 4849.00 Water Source Public

    Listing provided courtesy of Kellie Williams of Coldwell Banker Kellie & Assoc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T21:34:25.89. 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, 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.
     
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