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    8501 El Camino Real Atascadero, CA 93422

    Sponsored
    For Sale
    $950,000

    Restaurant Building, Fully Equipped, Turnkey Operation

    Property size:
    1,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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.

    Property Features for 8501 El Camino Real

    General Information

    Property type
    Retail properties
    Square Feet
    1,700 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1918
    Property Profile Location Intelligence

    Current Use by Public Records

    Fuego Rosticeria Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6538
    Latitude
    35.47361

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    FAQs

    What type of property is this?
    Retail property - Restaurant Building, Fully Equipped, Turnkey Operation
    Where is this retail property located?
    The property is located at 8501 El Camino Real Atascadero, CA.
    What is the asking price?
    The asking price for this property is $950,000.
    (805) 466-8000
    Request Owner's contact information
    8501 El Camino Real Atascadero, CA 93422
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    Atascadero, CA 93422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8501 El Camino Real Atascadero, CA 93422
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