8501 El Camino RealAtascadero, CA 93422

Property Details for 8501 El Camino Real

Year built

1918

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

1,975 SF

Zone code

CR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

030-512-006

APU

30512006

Description

This exceptional 1,700 square foot retail property, situated on a 0.07-acre lot at 8501 El Camino Real in Atascadero, CA, presents a unique investment opportunity. The building is ideally suited for a full-service restaurant, boasting a fully functional kitchen equipped with a new gas line installed in 2023 to accommodate large appliances such as the recently installed grill and rotisserie. Significant upgrades enhance its appeal: a new roof (2023), a new kitchen hood and fire suppression system (2023), and major system renovations completed in 2017, encompassing plumbing, electrical, and HVAC. The property includes two restrooms, ADA-compliant improvements, and comfortable indoor and outdoor seating on a private back patio. This turnkey operation offers immediate potential for a new owner. The asking price of $950,000 includes all furniture, fixtures, and equipment. Owner financing is available with 50% down, contingent upon agreeable terms. This prime Central Coast location ensures high visibility and accessibility, making it an attractive proposition for discerning investors seeking a profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $411,583

  6.5%

  $379,923

  7%

  $352,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,897

  Geo Method

  $1,388,135

• Alternative Use

  Use

  Valuation

  Residential

  $320,479

  Hospitality

  $293,557

  Educational

  $244,236

  Medical

  $252,636

  Retail

  $379,923

Location Insight

City

Atascadero

County

San Luis Obispo

State

California

Latitude

35.4736

Longitude

-120.654

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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