Coastal Restaurant Redevelopment
750 Mattie Rd Pismo Beach, CA 93449
For Sale
Contact for pricing
Former restaurant building on about two acres with unobstructed ocean views and ample on-site parking.
Property Size14,000 SF
Lot Size2.00 Acres
Price / SF$321.43
Days on Market101
Property Features for 750 Mattie Rd
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- Hospitality, Mixed Use, Retail
Building Details
- Year Built
- 1989
Listing Agency:
Santa Maria -Pacifica Commercial Realty
Listed By:
Mike Kelly · License #CA 01800988
Source:
Crexi
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
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 Santa Maria -Pacifica Commercial Realty
Investment Insights
Based on property information with market context.
A 14,000-square-foot commercial building formerly operating as a restaurant, situated on approximately 2 acres. The property’s notable feature is unobstructed ocean views, supporting a range of redevelopment opportunities for an owner-user or investor looking to reposition a high-profile coastal asset. It includes ample on-site parking and easy access to the site.
The building is located at 750 Mattie Rd in Pismo Beach, California. The property is supported by General Commercial zoning, which allows a variety of commercial uses. Its proximity to city offices and municipal services may provide practical convenience for day-to-day operations or planned site improvements.
This offering presents a straightforward redevelopment scenario with existing commercial improvements, coastal sightlines, and parking to support future use planning.
The building is located at 750 Mattie Rd in Pismo Beach, California. The property is supported by General Commercial zoning, which allows a variety of commercial uses. Its proximity to city offices and municipal services may provide practical convenience for day-to-day operations or planned site improvements.
This offering presents a straightforward redevelopment scenario with existing commercial improvements, coastal sightlines, and parking to support future use planning.
Key Highlights
- 14,000 SF commercial building built in 1989
- Approximately 2 acres of land with unobstructed ocean views
- Former restaurant building with potential for a variety of future uses
Financial Insights For Specialty 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 | $280.6k | $20.04 |
| − Vacancy | −$13.5k | −$0.96 |
| EGI | $267.1k | $19.08 |
| − OpEx | −$66.8k | −$4.77 |
| NOI | $200.3k | $14.31 |
14,000 SF · lease $20.04/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.86M
$2.50M – $3.34M
NOI $200,320 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.51M
$4.82M – $6.42M
NOI $385,419 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
F. McLintocks Saloon ...
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Former restaurant building on about two acres with unobstructed ocean views and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 750 Mattie Rd Pismo Beach, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 14,000 SF commercial building built in 1989; Approximately 2 acres of land with unobstructed ocean views; Former restaurant building with potential for a variety of future uses
