727 Main StCambria, CA 93428

  • Retail properties
  • 1,329 SF
For Sale
$599,000 View listing

Property Details for 727 Main St

Year built
1937
Construction
WOOD
Lot size
0.05 AC
Property size (Sq ft)
1,329 SF
Zone code
CR
Property type
Retail properties
Property subtype
Community centers
APN
022-121-017
APU
22121017

Description

This exceptional retail property at 727 Main Street, Cambria, CA, presents a unique investment opportunity. Located in the desirable West Village area, this 1,329 square foot building boasts a highly visible and sought-after location with consistent high foot traffic from both tourists and locals. Currently generating steady rental income from long-term tenants, this property offers immediate return on investment. The building sits on a 0.05-acre lot and is an excellent choice for a 1031 exchange. A significant advantage is the inclusion of extra water allocations (2.38 EDUs per CCSD), providing flexibility for potential expansion or alternative uses. This prime location in the West Village ensures consistent exposure and strong potential for future growth. The asking price is $599,000. This is a rare chance to acquire a well-established, income-producing retail space in a thriving Cambria location. Don't miss this opportunity to own one of the best commercial properties in the West Village. The sale includes the building only

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $276,959
    6.5%
    $255,654
    7%
    $237,393
  • Comparable approach

    Method
    Valuation
    Relative Method
    $444,725
    Geo Method
    $934,092
  • Alternative Use

    Use
    Valuation
    Residential
    $215,654
    Hospitality
    $197,538
    Educational
    $164,349
    Medical
    $170,001
    Retail
    $255,654
727 Main St, Cambria, California

Location Insight

City
Cambria
County
San Luis Obispo
State
California
Latitude
35.5677
Longitude
-121.1
CBSA code
42020
CBSA name
SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,198
$238,771
$291,832
$530,603
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-
-
-

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