Fully Occupied Cambria Commercial Property

2380 Main Street, Cambria, CA 93428

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For Sale

$1,600,000

Prime commercial property in Cambria, California with long-term tenants.

Type:Commercial/Industrial

Property size:

6,473 SF

Lot size:

0.74 Acres

Price / SF:

$247/SF

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.
Lot encompasses 32,300 square feet with a 22‑space parking lot and three storage buildings.
Includes 6,473 square feet across 7 units, with one tenant occupying two units.
First time on the market, family‑owned since built in 1978.

We can help!

Listing Contact

Heather Roda

For Sale

$1,600,000

Prime commercial property in Cambria, California with long-term tenants.

Type:Commercial/Industrial

Property size:

6,473 SF

Lot size:

0.74 Acres

Price / SF:

$247/SF

Added:: Oct 5, 2024
Days on Market:: 616
Last Refresh:: May 19 at 8:27 pm

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

We can help!

Listing Contact

Heather Roda

Listing agent Heather Roda License #01353261

Listing office Platinum Properties

Listing date Oct 5, 2024

Source Exitrealty

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

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.
Lot encompasses 32,300 square feet with a 22‑space parking lot and three storage buildings.
Includes 6,473 square feet across 7 units, with one tenant occupying two units.
First time on the market, family‑owned since built in 1978.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $105,158 @ 7.0% cap · market cap 6.57%

Second Best

Specialty Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,619 @ 7.0% cap · market cap 5.79%

Theoretical Best

Healthcare Medical

$2.55M

$2.23M – $2.97M (±1% cap)

NOI $178,201 @ 7.0% cap · market cap 11.14%

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

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

Suggested Use

Location Insight

Map
Local Demand

City: Cambria
County: San Luis Obispo
State: California
Longitude: -121.081
Latitude: 35.5647

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For sale
Shopping centers
CA
Cambria
93428
2380 Main Street

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 $1,600,000.

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.