723 Main StCambria, CA 93428

Property Details for 723 Main St

Year built

1930

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

1,100 SF

Zone code

CR

Property type

Office properties

Property subtype

Office buildings

APN

022-121-018

APU

22121018

Description

This 1,056 square foot industrial building is ideally situated in Cambria's West Village, enjoying a sunny street-side location. The property presents a fantastic opportunity for a business seeking a ready-to-occupy space. The building features a spacious, open floor plan, perfect for adaptable layouts to suit various business needs. A dedicated conference-style room provides a professional setting for meetings or presentations. Recent updates include a remodeled bathroom complete with a stall shower, adding a modern touch to the property. A convenient kitchenette is also included, offering a small space for food preparation or break area. Furthermore, a private office provides a quiet and secluded workspace for focused tasks or individual work. The property sits on a 0.05-acre lot, offering potential for outdoor storage or expansion depending on zoning regulations. This turnkey commercial space is ready for immediate occupancy and presents a compelling investment opportunity in a desirable Cambria location. The building's layout and features make it suitable for a wide range of industrial or commercial uses. Serious inquiries are encouraged to explore the potential of this well-maintained property. The asking price is $499,000.

• CAP approach

  CAP return

  Valuation

  6%

  $155,943

  6.5%

  $143,947

  7%

  $133,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,069

  Geo Method

  $306,801

• Alternative Use

  Use

  Valuation

  Residential

  $178,495

  Hospitality

  $163,500

  Educational

  $136,030

  Medical

  $140,708

  Retail

  $211,603

Location Insight

City

Cambria

County

San Luis Obispo

State

California

Latitude

35.5678

Longitude

-121.1

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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