4985 Traffic 4985 WayAtascadero, CA 93422

Property Details for 4985 Traffic 4985 Way

Year built

1951

Lot size

1.42 AC

Property size (Sq ft)

2,965 SF

Property type

Commercial real estate

Description

This exceptional Atascadero commercial property offers a unique investment opportunity. The property encompasses a 2,965 square foot industrial building situated on a substantial 1.42-acre lot (61,855 square feet), with 55,220 square feet of the lot securely fenced. The existing building provides ample space for various industrial uses, while the expansive lot presents significant potential for additional income generation. Currently, the fenced area is utilized for outdoor contractor and recreational vehicle/boat storage, generating substantial revenue that can significantly offset holding costs. This revenue stream makes the property particularly attractive for owner-users seeking to minimize expenses. Furthermore, the property's zoning and size make it an ideal candidate for redevelopment. Developers will find this a compelling opportunity, as the existing income from the storage lot can provide a substantial return during the entitlement process for a higher and better use, such as the construction of additional industrial buildings or a mini-storage facility. Illustrative plans (see page 6 of the offering documents) demonstrate the potential for increased density, subject to Atascadero City approvals. A Conditional-Use Permit is in place, allowing for up to 57 RV/boat storage spaces. This property presents a rare combination of immediate income and significant long-term development potential.

Location Insight

City

Atascadero

County

Santa Barbara

State

California

Latitude

35.5031

Longitude

-120.665

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