2500 El Camino Real, Atascadero, CA 9342 | 2500 El Camino Real
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2500 El Camino Real, Atascadero, CA 9342 2500 El Camino Real
3,213 SF Retail Building Atascadero, CA 93422 $1,400,000 ($436/SF) 4.42% Cap Rate
Investment Highlights
- Great in place Tennant willing to sign long term lease - or great for future development.
Executive Summary
Prime commercial investment opportunity with unlimited development potential. 2500 El Camino Real, Atascadero. Currently zoned Commercial Park (CPK) with the exciting prospect of being rezoned to Mixed use (Commercial Residential - CR) Featuring three buildings on a level terrain, this property has high visibility from HWY 101 / El Camino Real. The existing tenant pays $6,887.76 with limited landlord expenses.
The property is positioned near the thriving business hubs of Del Rio Marketplace and Barrel Creek Development. Located in the heart of a rapidly expanding neighborhood with numerous surrounding properties and developments underway, this is a rare blue ocean opportunity in the commercial real estate landscape. Presently leased to a long-term tenant operating a successful nursery, this property offers immediate income potential while providing flexibility for future development. Buyers are encouraged to conduct their due diligence with the City to capitalize on this extraordinary investment.
The property is positioned near the thriving business hubs of Del Rio Marketplace and Barrel Creek Development. Located in the heart of a rapidly expanding neighborhood with numerous surrounding properties and developments underway, this is a rare blue ocean opportunity in the commercial real estate landscape. Presently leased to a long-term tenant operating a successful nursery, this property offers immediate income potential while providing flexibility for future development. Buyers are encouraged to conduct their due diligence with the City to capitalize on this extraordinary investment.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,213 SF
Building Class
C
Year Built
1946
Price
$1,400,000
Price Per SF
$436
Cap Rate
4.42%
NOI
$61,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.19 AC
Zoning
CPK - CR - EXISTING: CPK (COMMERCIAL PARK)
PROPOSED: CR (COMMERCIAL RETAIL)
Parking
45 Spaces (14.01 Spaces per 1,000 SF Leased)
Frontage
232 FT on El Camino Real
Amenities
- Fenced Lot
- Signage
About 2500 El Camino Real , Atascadero, CA 93422
Currently operated as a nursery. 1.2 acres of land perfect for future development.
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Bay Laurel Nursery
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Bay Laurel Nursery | - | 99,999 SF | - | Jan 0000 |
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2500 El Camino Real, Atascadero, CA 9342 | 2500 El Camino Real
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