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2380 Main St 6,473 SF 100% Leased Retail Building Cambria, CA 93428 $1,600,000 ($247.18/SF) 6.09% Cap Rate
Investment Highlights
- Situated in the heart of Cambria!
- Fully occupied commercial property
- 1.4 miles from Highway 1!
- Stable, long-term investment
- Cap rate of 4.9%!
Executive Summary
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%. Call today to schedule your private tour or take your tour here: https://vid.us/bd5y2k
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,473 SF
Building Class
C
Year Built
1978
Price
$1,600,000
Price Per SF
$247.18
Cap Rate
6.09%
NOI
$97,456
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.74 AC
Zoning
CR - Commercial Restaurant
Parking
26 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
200’ on Main St
Amenities
- Restaurant
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 013-242-001 | Improvements Assessment | $369,416 |
| Land Assessment | $152,466 | Total Assessment | $521,882 |
Property Taxes
Parcel Number
013-242-001
Land Assessment
$152,466
Improvements Assessment
$369,416
Total Assessment
$521,882
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2380 Main St
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