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2086 Main Cambria, CA

$2,750,000

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Property Description

Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44.

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Property Information

  • Address: 2086 Main, Cambria, CA 93428. 
  • Price: $2,750,000 
  • MLS #: SC1052901 
  • Listing Courtesy of: The Real Estate Company of Cam 
  • City: Cambria 
  • Postal Code: 93428 
  • County: San Luis Obispo 

Amenities

  • Heating: Yes 
  • Heat Source: Wall Heater,Electric 

Other

  • Description: Marketing Remarks: The Redwood Center, located in the heart of the East Village, allows the investor multiple opportunities. At its current 100% occupied status, the Cap Rate is 4.3%. And with its 28 EDUs, there is inherent potential for future development. Two long-term restaurants anchor the property. Eight other tenants occupy the rest of the retail spaces. There are five storage facilities as well. Two units front Main St, while the rest are adjacent to the 43 space parking lot. Please feel free to peruse the stores, but please do not converse with the restaurant/shop owners, employees or patrons. Average rent/square foot for restaurant/shop spaces is $1.44. 
  • List Date: March 16, 2015 
  • Status: Active 

Other

  • Office ID: 120587 

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Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2017 at 13:42:06PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.