2500 El Camino Real Atascadero, CA 93422-1916

This exceptional Atascadero, CA investment property, located at 2500 El Camino Real, presents a compelling opportunity. The 3,213 square foot property, situated on a 51,836 square foot lot, comprises three single-story buildings and offers 45 parking spaces. Currently operating as a daycare and storefront, leased to Bay Laurel Nursery since January 1, 1999, at 100% occupancy, the property generates a current NOI of $61,870, representing a 4.42% cap rate. A pro-forma NOI of $84,864 projects a 6.06% cap rate. The asking price is $1,400,000. The property is zoned CPK, with potential for rezoning to CR (Commercial Residential), offering significant redevelopment potential. The ground lease is flexible, and rent bumps are negotiable. This high-visibility location on El Camino Real, near Del Rio Marketplace and Barrel Creek Development, benefits from its proximity to Highway 101 and a rapidly growing neighborhood. The existing lease provides immediate income while allowing for future development plans. Buyers are encouraged to conduct their own due diligence with the city regarding rezoning possibilities. This is a rare opportunity to acquire a mixed-use property with strong current income and substantial future upside. The property's APN is 049-141-058.