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148 N Ocean Ave
Cayucos, CA 93430
Ground Lease - 148 N Ocean Ave · Retail Property For Sale
Investment Highlights
- Extremely Rare 100 Year Ground Lease (77+ Yrs. Left) - Fee Simple Ownership - Absolute NNN
- Trophy Downtown Location just Steps to Pacific Ocean/Pier- Affluent Resort Town
- San Luis Obispo MSA - Attractive Real Estate Fundamentals - Significant Barriers to Entry
- Very Attractive Low Price Point - $550,000 - Annual CPI Increases - Great Inflation Hedge
- 22+ Year Operating History - Way Below Market Rent - Low Downside Risk - Stable Cash Flow
- Tourist Destination - Just South of Big Sur/Hearst Castle - Range of Lodging/Entertainment Options
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1960
Percent Leased
100%
Building Height
1 Story
Building FAR
0.77
Lot Size
0.09 AC
Zoning
60
Parking
2 Spaces (0.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 064-113-028 | Improvements Assessment | $177,715 |
| Land Assessment | $462,073 | Total Assessment | $639,788 |
Property Taxes
Parcel Number
064-113-028
Land Assessment
$462,073
Improvements Assessment
$177,715
Total Assessment
$639,788
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