Turnkey Restaurant with Private
For Sale
$750,000
8501 El Camino Real, Atascadero, CA 93422
Fully renovated restaurant building with a commercial kitchen and private back patio seating with ADA access.
Property Size1,700 SF
Price / SF$441.18
Days on Market151
Property Features for 8501 El Camino Real
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Retail
Building Details
Year Built
1918
Listing Agency:
NextHome Central Coast
(805) 773-7777
Listed By:
CJ Hegney · License #02203414,PersonLicenseNumber
Source:
Xome
Added: Mar 2
Changed: Jul 10
Last Checked: Jun 15 at 1:52AM
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 NextHome Central Coast
Investment Insights
Based on property information with market context.
8501 El Camino Real is a fully renovated restaurant building totaling 1,775 square feet and designed for an operator looking for immediate functionality. The property includes a private, oversized back patio with ADA access and indoor dining space with ADA-compliant restrooms. The interior is supported by a fully functional kitchen sized to handle large-scale appliances, along with two restrooms, one with ADA improvements.
The building is positioned on a highly visible main street in Atascadero. Public remarks describe its placement within San Luis Obispo County’s food and beverage corridor, with nearby breweries, wineries, and restaurants, supporting a practical day-to-day customer draw.
Recent upgrades support a true turn-key footprint. The major systems were updated in 2017, including new electrical, plumbing, HVAC, and ADA-compliant restrooms. Additional improvements include a new roof, a new gas line, and a brand-new commercial kitchen hood and fire suppression system installed in 2023. With indoor seating for approximately 30 guests and patio seating for approximately 26 guests, this site can accommodate service for both indoor and outdoor dining concepts.
The building is positioned on a highly visible main street in Atascadero. Public remarks describe its placement within San Luis Obispo County’s food and beverage corridor, with nearby breweries, wineries, and restaurants, supporting a practical day-to-day customer draw.
Recent upgrades support a true turn-key footprint. The major systems were updated in 2017, including new electrical, plumbing, HVAC, and ADA-compliant restrooms. Additional improvements include a new roof, a new gas line, and a brand-new commercial kitchen hood and fire suppression system installed in 2023. With indoor seating for approximately 30 guests and patio seating for approximately 26 guests, this site can accommodate service for both indoor and outdoor dining concepts.
Key Highlights
- Fully renovated 1,775 sq. ft. restaurant building on El Camino Real in Atascadero
- Major system upgrades in 2017: new electrical, plumbing, HVAC, and ADA‑compliant restrooms
- Improvements since 2017 include a new roof, new gas line, and a commercial kitchen hood plus fire suppression installed in 2023
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 | $34.1k | $20.04 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $32.4k | $19.08 |
| − OpEx | −$8.1k | −$4.77 |
| NOI | $24.3k | $14.31 |
1,700 SF · lease $20.04/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$347.5K
$304.1K – $405.4K
NOI $24,325 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$668.6K
$585.0K – $780.0K
NOI $46,801 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
135k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 34%
Shops & Services 14%
Home Improvements & Furnishings 10%
Food 4 Less
Groceries
25,638 visits/mo
0.2 miles
Smart & Final
Groceries
21,843 visits/mo
0.3 miles
Starbucks
Dining
16,452 visits/mo
0.3 miles
Miner's Ace Hardware
Home Improvements & Furnishings
13,613 visits/mo
0.4 miles
Jack in the Box
Dining
9,389 visits/mo
0.3 miles
Demographics for 93422, CA
33,041
Population
13,702
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
68.8 sq mi
ZIP Area
480
Density / Sq Mi
$89,916
Median Household Income
$46,939
Median Earnings
$1,841
Median Rent
$692,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated restaurant building with a commercial kitchen and private back patio seating with ADA access.
Where is this conventional restaurant located?
The property is located at 8501 El Camino Real Atascadero, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully renovated 1,775 sq. ft. restaurant building on El Camino Real in Atascadero; Major system upgrades in 2017: new electrical, plumbing, HVAC, and ADA‑compliant restrooms; Improvements since 2017 include a new roof, new gas line, and a commercial kitchen hood plus fire suppression installed in 2023
