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210-212 W Main St 10,387 SF 100% Leased Retail Building Santa Maria, CA 93458 $1,349,000 ($129.87/SF) 4.60% Cap Rate
Investment Highlights
- Two-story configuration with retail on the ground floor and 10 office suites upstairs.
- 65 feet of Main Street frontage with curbside parking and rear lot access.
- Located in a revitalization zone with over 330 new apartments planned nearby.
- Fully leased with tenants on month-to-month agreements, providing flexibility for repositioning.
- Prime downtown location on Main Street, one block from Broadway.
- Close proximity to U.S. Highway 101 for convenient regional access.
Executive Summary
Two-story mixed use (retail and office building) with abundant upside potential. The property is conveniently located near the high traffic intersection of Broadway and Main St. in downtown Santa Maria. There is curbside parking in front on Main Street and a large, shared parking lot behind the building with back door access.
Tremendous growth potential as the area gentrifies and over the next several years with extensive commercial and residential revitalization projects, with over 330 projected new apartments in the immediate area -104 apartments are currently under construction within one block of the property.
The property is currently 100% leased with long-term, tenants all on month-to-month tenancy, offering maximum flexibility to a savvy investor. Financial data available upon request.
Call Listing agents for more details or to arrange a tour.
Tremendous growth potential as the area gentrifies and over the next several years with extensive commercial and residential revitalization projects, with over 330 projected new apartments in the immediate area -104 apartments are currently under construction within one block of the property.
The property is currently 100% leased with long-term, tenants all on month-to-month tenancy, offering maximum flexibility to a savvy investor. Financial data available upon request.
Call Listing agents for more details or to arrange a tour.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,387 SF
Building Class
C
Year Built
1914
Price
$1,349,000
Price Per SF
$129.87
Cap Rate
4.60%
NOI
$62,054
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
SP - Specific Plan Gateway, Commercial
Frontage
65’ on E Main St
Walk Score®
Walker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 123-043-015 | Improvements Assessment | $503,871 |
| Land Assessment | $114,685 | Total Assessment | $618,556 |
Property Taxes
Parcel Number
123-043-015
Land Assessment
$114,685
Improvements Assessment
$503,871
Total Assessment
$618,556
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210-212 W Main St
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