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8840 Morro Rd 1,464 SF Office Condo Unit Offered at $550,000 in Atascadero, CA 93422
Investment Highlights
- Freestanding Commercial Condo
- Long-term Gross Lease In Place
- Convenient Access off Highway 41
Executive Summary
Freestanding commercial condo on Atascadero’s westside! Built in 2005, this detached unit offers over 1,400 sq. ft. with two ADA-compliant restrooms, a private office, reception area, storage, break room, and a large open space (see floor plan below). The property provides convenient access off Highway 41 West and is situated near other professional business offices, Atascadero Lake Park, and the Central Coast Zoo. Long-term gross lease just renewed for an additional three years with the following pay schedule: $2,275.56 per month 11/01/25 - 10/31/26 $2,389.34 per month 11/01/26 - 10/31/27 $2,508.80 per month 11/01/27 - 10/31/28 HOA Mark IV $300 monthly
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 031-291-037 |
| No. Parking Spaces | 4 |
| Sale Type | Investment |
| No. Parking Spaces | 4 |
| APN/Parcel ID | 031-291-037 |
Description
Freestanding commercial condo on Atascadero’s westside! Built in 2005, this detached unit offers over 1,400 sq. ft. with two ADA-compliant restrooms, a private office, reception area, storage, break room, and a large open space (see attached floor plan). The property provides convenient access off Highway 41 West and is situated near other professional business offices, Atascadero Lake Park, and the Central Coast Zoo.
Sale Notes
Long-term gross lease just renewed for an additional three years with the following pay schedule:
$2,275.56 per month 11/01/25 - 10/31/26
$2,389.34 per month 11/01/26 - 10/31/27
$2,508.80 per month 11/01/27 - 10/31/28
$2,275.56 per month 11/01/25 - 10/31/26
$2,389.34 per month 11/01/26 - 10/31/27
$2,508.80 per month 11/01/27 - 10/31/28
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit NA | 1,464 SF | Office | $550,000 ($375.68/SF) | - |
Unit NA
| Unit Size |
| 1,464 SF |
| Condo Use |
| Office |
| Price |
| $550,000 ($375.68/SF) |
| NOI |
| - |
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Unit NA
| Unit Size | 1,464 SF |
| Condo Use | Office |
| Price | $550,000 ($375.68/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 4 |
| APN/Parcel ID | 031-291-037 |
| Description | |
| Freestanding commercial condo on Atascadero’s westside! Built in 2005, this detached unit offers over 1,400 sq. ft. with two ADA-compliant restrooms, a private office, reception area, storage, break room, and a large open space (see attached floor plan). The property provides convenient access off Highway 41 West and is situated near other professional business offices, Atascadero Lake Park, and the Central Coast Zoo.</li></ul> | |
| Sale Notes | |
| Long-term gross lease just renewed for an additional three years with the following pay schedule: <br> <br> $2,275.56 per month 11/01/25 - 10/31/26<br> $2,389.34 per month 11/01/26 - 10/31/27<br> $2,508.80 per month 11/01/27 - 10/31/28</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,464 SF | Typical Floor Size | 1,464 SF |
| Property Type | Retail (Condo) | Year Built | 2005 |
| Property Subtype | Freestanding | Tenancy | Single |
| Building Class | C | Lot Size | 0.15 AC |
| Floors | 1 | ||
| Zoning | CR - Commercial Retail (CR) | ||
| Total Building Size | 1,464 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 1,464 SF |
| Year Built | 2005 |
| Tenancy | Single |
| Lot Size | 0.15 AC |
| Zoning | CR - Commercial Retail (CR) |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
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Matterport 3D Exterior
Matterport 3D Tour
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Street View
Street
Map
