For Sale
$2,300,000

12900 Soda Lake Rd Santa Margarita, CA 93453

Prime CA location, mixed-use opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a unique chance to acquire a fully operational commercial complex in Santa Margarita, California. Located at 12900 Soda Lake Rd, this property encompasses a 40-acre lot (8.7 acres commercial, 31 acres agricultural) and includes three buildings totaling 14,000 square feet. The complex consists of a 20-unit motel with a manager's apartment (7,500 sq ft), a restaurant and store (5,000 sq ft), and a service station (1,500 sq ft). All buildings are operational and were extensively remodeled in 2011, exceeding $1,200,000 in upgrades to meet county health and fire codes. The property also includes two never-installed, prefabricated fast-food restaurant buildings (purchased in 2002 for $750,000 each). Built in 1963, this Class C property is zoned CR and features a 500-foot deep well producing approximately 150 gallons of water per minute. The property is strategically located 1.3 miles south of Highway 58, over 40 miles from any other commercial services, making it the sole commercial hub in the Carrizo Plains. Seller financing is available for qualified buyers with strong offers. This is a rare opportunity to own the only commercial site in a unique and underserved area with significant potential for growth. The property's location and existing infrastructure provide a solid foundation for future expansion and development. APN: 072-141-021. Asking price: $2,300,000.

Highlights

  • Seller financing available for qualified buyers with strong offers.
  • Unique opportunity to acquire the only commercial property in Carrizo Plains, encompassing 8.7 acres of commercial land and 31 acres of agricultural land.
  • Located 1.3 miles south of Hwy 58, 47 miles east of Hwy 101, and 45 miles west of Hwy 5.
  • Improved property includes a 7,500 SF lodge/motel (20 units + manager's apartment), a 5,000 SF restaurant/store, and a 1,500 SF service station; all operational.
  • Includes two unused, prefabricated fast-food restaurants (purchased in 2002 for $750,000 each).
  • All buildings remodeled and updated to code in 2011 (>$1,200,000 in improvements).

Property Details for 12900 Soda Lake Rd

Property type
Retail properties, Restaurants
Class
C
Year Built/Renovated
1963/2011
Buildings
3
Stories
1
Lot Size (sq. ft)
1,742,400 SF

Location Insight

City
Santa Margarita
County
San Luis Obispo
State
California
Latitude
35.3250603
Longitude
-120.004199

FAQs

What type of property is this?
Retail property - Prime CA location, mixed-use opportunity.
Where is the retail property located?
The property is located at 12900 Soda Lake Rd Santa Margarita, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Seller financing available for qualified buyers with strong offers.; Unique opportunity to acquire the only commercial property in Carrizo Plains, encompassing 8.7 acres of commercial land and 31 acres of agricultural land.; Located 1.3 miles south of Hwy 58, 47 miles east of Hwy 101, and 45 miles west of Hwy 5.
How can I contact the broker?
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12900 Soda Lake Rd
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