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El Camino Real
Atascadero, CA 93422

Dove Creek Village Retail Development Site · Land For Sale · 5.19 AC

Investment Highlights

  • High daily vehicle traffic
  • Very close to hundreds of residential homes and customers
  • High demand for local retail and grocery stores

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
  • Convenience Store
  • Hotel
  • Neighborhood Center
  • Parking Lot
  • Restaurant
  • Storefront
  • Supermarket
Total Lot Size 5.19 AC

Description

Huge Price Reduction! Incredible opportunity to develop a large commercial property on the south end of Atascadero. The property is directly adjacent to large residential neighborhoods which would provide daily foot traffic. It is also the closest & most convenient retail center for workers commuting north from San Luis Obispo. Conceptual plans have already been created for maximum flexibility. The buyer can build a 100 room extended stay hotel that allows short or long term occupancy. This provides the owner with maximum income, reduced taxes and the most flexibility compared to traditional short term hotels. This location is ideal for a hotel. It is surrounded by beautiful scenic views and it is centrally located between San Luis Obispo & wine country. The property is also designated for 14,000 sq ft of commercial space that can be broken up into 4 retail condos. Perfect for grocery stores, coffee shops or other retail. In addition to the hotel and retail spaces, the ground floor of the hotel can accommodate a 7,200 sq ft restaurant, a 5,800 sq ft luxury spa, and a 2,900 sq ft cafe. Abundant parking is a rare find in a shopping center this size, but it will ensure all tenants have plenty of customers. With its ideal location and a thriving surrounding community, this retail center is sure to be a hit!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
045-331-014
Land Assessment
$730,662
Improvements Assessment
$0
Total Assessment
$730,662

zoning

Zoning Code CR
CR
  • Listing ID: 15293343

  • Date on Market: 2/27/2019

  • Last Updated:

  • Address: El Camino Real, Atascadero, CA 93422

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