2380 Main St Cambria, CA 93428
- Retail space
- 0.74 lot acres
Current Use by Public Records
- J J's Pizza / Pizza Restaurant / Italian Restaurant
- Wild Ginger / Takeout Restaurant
- Corky's Barbers Shop / Barber Shop
- Sea + Green / Gift Shop
- Grace & Raven Co. / Tanning Salon
Property Details for 2380 Main St
- Lot size
- 0.74 lot acres
- Zone code
- CR
- Property type
- Retail space
- APN
- 013-242-001
- APU
- 13242001
Description
This fully occupied, 6,473 sq ft retail property in Cambria, CA, presents a unique investment opportunity. Located on a 0.74-acre lot (32,300 sq ft) in the heart of Cambria's bustling retail district, just 2 miles from the beach and 1.4 miles from Highway 1, this property boasts seven units currently leased to a diverse mix of thriving businesses, including two restaurants (JJ's Pizza and Wild Ginger), a boutique (Sea & Green), a salon, a barber shop, and a high-end smoke shop. Built in 1978, this family-owned property is being offered for sale for the first time, featuring a 22-space parking lot and three storage buildings. The property is zoned commercial retail and benefits from a high volume of foot traffic due to its prime location. With 4.95 EDUs of water assigned (3.95 currently in use), long-term tenants, and potential for increased rental income, this property offers a strong return on investment at under $2 million, with an approximate cap rate of 4.9%. This is a rare chance to acquire a piece of Cambria's history and a thriving commercial asset in a highly desirable coastal location, midway between San Francisco and Los Angeles, and close to San Luis Obispo and Hearst Castle.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambria
- County
- San Luis Obispo
- State
- California
- Longitude
- -121.08
- Latitude
- 35.5647
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
