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    4985 Traffic 4985 Way Atascadero, CA 93422

    Sponsored
    For Sale
    $1,950,000

    Versatile industrial building & large lot, great income potential.

    Property size:
    2,965 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    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.

    Property Features for 4985 Traffic 4985 Way

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,965 SF
    Lot Size
    61,855 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Atascadero
    County
    Santa Barbara
    State
    California
    Longitude
    -120.6654
    Latitude
    35.50308

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile industrial building & large lot, great income potential.
    Where is this commercial real estate located?
    The property is located at 4985 Traffic 4985 Way Atascadero, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (805) 563-2111
    Request Owner's contact information
    4985 Traffic 4985 Way 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.

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    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
    4985 Traffic 4985 Way Atascadero, CA 93422
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