12900 Soda Lake RdSanta Margarita, CA 93453

Property Details for 12900 Soda Lake Rd

Year built

1963

Lot size

40.00 AC

Property type

Hospitality properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Santa Margarita

County

San Luis Obispo

State

California

Latitude

35.3251

Longitude

-120.004

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