Fully Occupied Cambria Commercial
2380 Main Street Cambria, CA 93428
For Sale
$1,549,000
Prime commercial property in Cambria, California with long-term tenants.
Property Size6,473 SF
Lot Size0.74 Acres
Price / SF$239.30
Days on Market661
Property Features for 2380 Main Street
General Information
- Standard status
- Active
- Size
- 6,473 SF
- Lot size
- 0.74 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1978
Listing Agency:
Platinum Properties
(805) 610-9270
Listed By:
Heather Roda · License #01353261
(805) 610-9270
Source:
Exitrealty
Added: Oct 5, 2024
Changed: Jul 6
Last Checked: Jul 27 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Properties
Investment Insights
Based on property information with market context.
Located in the heart of Cambria, California, this fully occupied commercial property presents an investment opportunity in a high-visibility location. The property is situated approximately 2 miles from the beach and 1.4 miles from Highway 1. Constructed in 1978, this family-owned property is available for the first time. The commercially zoned retail property spans 6,473 square feet across 7 units, with one tenant occupying two units. It is fully leased to a variety of businesses, including two restaurants, JJ's Pizza and Wild Ginger, the boutique Sea & Green, a salon, barber shop and a smoke shop. The property's lot encompasses 32,300 square feet and includes a 22-space parking lot and three storage buildings. The lot has 4.95 EDU's of water assigned to it, with 3.95 EDU's currently in use. The seller is having the property re-roofed in October. Cambria is located approximately halfway between San Francisco and Los Angeles, 34 miles north of San Luis Obispo and 9 miles south of Hearst Castle. The town is nestled between pine forests and the Pacific Ocean.
Key Highlights
- Fully occupied commercial property in a high‑visibility location.
- Prime location in Cambria's bustling retail district with steady foot traffic.
- Diverse tenant mix including two restaurants, a boutique, a salon, barber shop and a high‑end smoke shop.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.4k | $24.00 |
| − Vacancy | −$5.1k | −$0.79 |
| EGI | $150.2k | $23.21 |
| − OpEx | −$45.1k | −$6.96 |
| NOI | $105.2k | $16.25 |
6,473 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $105,158 @ 7.0% cap · market cap 6.79%
Second Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,619 @ 7.0% cap · market cap 5.98%
Theoretical Best
Healthcare Medical
$2.55M
$2.23M – $2.97M
NOI $178,201 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
J J's Pizza
Restaurant
Wild Ginger
Restaurant
Corky's Barbers Shop
Barber Shop
Sea + Green
(Bike/Boat/Book/etc) Store
Grace & Raven Co.
Tanning Salon
FAQs
What type of property is this?
Shopping center - Prime commercial property in Cambria, California with long-term tenants.
Where is this shopping center located?
The property is located at 2380 Main Street Cambria, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Fully occupied commercial property in a high‑visibility location.; Prime location in Cambria's bustling retail district with steady foot traffic.; Diverse tenant mix including two restaurants, a boutique, a salon, barber shop and a high‑end smoke shop.
