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Commercial Property in Prime Location

16954 El Camino Real, Atascadero, CA 93422

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For Sale

$395,000

Three parcels of land with commercial-retail zoning and development potential.

Type:Commercial

Property size:

1,265 SF

Lot size:

0.20 Acres

Price / SF:

$312/SF

HighLights

Prime location near Santa Margarita and Garden Farms.
Includes three parcels: commercial property with a structure, vacant land, and a residential land segment.
16954 El Camino Real is zoned Commercial‑Retail with a 1265sf structure.
The structure includes several rooms, a bathroom, and a kitchen area.
Includes a single‑car garage and two enclosed storage spaces.
Priced to reflect the need for significant work.

We can help!

Contact an agent

Sarah Weber

For Sale

$395,000

Three parcels of land with commercial-retail zoning and development potential.

Type:Commercial

Property size:

1,265 SF

Lot size:

0.20 Acres

Price / SF:

$312/SF

Added:: Mar 12, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 12:24 pm

Property Features for 16954 El Camino Real

General Information

Standard status: Active
Size: 1,265 SF
Lot size: 0.20 Acres
Property subtype: Commercial

Building Details

Year Built: 1946

We can help!

Contact an agent

Sarah Weber

Listing office Patterson Realty

Listing date Mar 12, 2026

Source Elliman

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 Patterson Realty

HighLights

Prime location near Santa Margarita and Garden Farms.
Includes three parcels: commercial property with a structure, vacant land, and a residential land segment.
16954 El Camino Real is zoned Commercial‑Retail with a 1265sf structure.
The structure includes several rooms, a bathroom, and a kitchen area.
Includes a single‑car garage and two enclosed storage spaces.
Priced to reflect the need for significant work.

Overview

This property, located just north of Santa Margarita and close to Garden Farms, presents a commercial opportunity. The sale includes three parcels: 16954 El Camino Real, zoned Commercial-Retail, featuring a 1265 square foot structure on an 8925 square foot lot. The structure includes several rooms, a bathroom, a kitchen area, a single-car garage, and two enclosed storage spaces. The second parcel, 16950 El Camino Real, is 19,339 square feet of vacant land in the Santa Margarita Creek area, designated as Vacant Single Family and located in a 100-year flood zone. The third parcel, 16952 El Camino Real, is a 723 square foot vacant parcel designated as a Residential Land Segment. The existing structure at 16954 El Camino Real requires significant work and is priced accordingly.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$30.4k	$24.00
− Vacancy	−$1.0k	−$0.79
EGI	$29.4k	$23.21
− OpEx	−$8.8k	−$6.96
NOI	$20.6k	$16.25

1,265 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$293.6K

$256.9K – $342.5K (±1% cap)

NOI $20,551 @ 7.0% cap · market cap 5.20%

Second Best

—

no second resolved use

Theoretical Best

Healthcare Medical

$497.5K

$435.3K – $580.4K (±1% cap)

NOI $34,825 @ 7.0% cap · market cap 8.82%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Atascadero
County: San Luis Obispo
State: California
Longitude: -120.605
Latitude: 35.4175

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For sale
Commercial land
CA
Atascadero
93422
16954 El Camino Real

What type of property is this?

Commercial land - Three parcels of land with commercial-retail zoning and development potential.

Where is this commercial land located?

The property is located at 16954 El Camino Real Atascadero, CA.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Prime location near Santa Margarita and Garden Farms.; Includes three parcels: commercial property with a structure, vacant land, and a residential land segment.; 16954 El Camino Real is zoned Commercial‑Retail with a 1265sf structure.