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801 Main St 3,966 SF 100% Leased Retail Building Cambria, CA 93428 $1,495,000 ($376.95/SF) 5.86% Cap Rate
Executive Summary
Investors and Owner/Users your chance to own a piece of Cambria. A unique opportunity in a unique part of the central coast on the iconic Pacific Coast Highway. Cambria is a well established destination for tourists and locals alike. 100% leased with a nice retail mix. Good stability with tenants with the leases rolling over which offers upside to adjust leases according to market.
Well maintained with recent investment on roof, exterior and interior painting. Zoning is Commercial Retail and allows for many uses. All of this in a market with essentially a 0% commercial vacancy rate! A great long term hold!
Well maintained with recent investment on roof, exterior and interior painting. Zoning is Commercial Retail and allows for many uses. All of this in a market with essentially a 0% commercial vacancy rate! A great long term hold!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,966 SF
Building Class
C
Year Built
1987
Price
$1,495,000
Price Per SF
$376.95
Cap Rate
5.86%
NOI
$87,607
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.01
Lot Size
0.09 AC
Zoning
CR - Commercial Retail
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 022-123-020 | Improvements Assessment | $858,636 |
| Land Assessment | $306,000 | Total Assessment | $1,164,636 |
Property Taxes
Parcel Number
022-123-020
Land Assessment
$306,000
Improvements Assessment
$858,636
Total Assessment
$1,164,636
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801 Main St