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    FOR SALE
    Turn key restaurants

    8501 El Camino Real, Atascadero, CA 93422

    1,975 SF 0.07 ac lot Built 1918
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US09-1325621
    Property summary
    AI-generated overview

    This exceptional 1,700 square foot retail property, situated on a 0.07-acre lot at 8501 El Camino Real in Atascadero, CA, presents a unique investment opportunity. The building is ideally suited for a full-service restaurant, boasting a fully functional kitchen equipped with a new gas line installed in 2023 to accommodate large appliances such as the recently installed grill and rotisserie. Significant upgrades enhance its appeal: a new roof (2023), a new kitchen hood and fire suppression system (2023), and major system renovations completed in 2017, encompassing plumbing, electrical, and HVAC. The property includes two restrooms, ADA-compliant improvements, and comfortable indoor and outdoor seating on a private back patio. This turnkey operation offers immediate potential for a new owner. The asking price of $950,000 includes all furniture, fixtures, and equipment. Owner financing is available with 50% down, contingent upon agreeable terms. This prime Central Coast location ensures high visibility and accessibility, making it an attractive proposition for discerning investors seeking a profitable venture.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1918
    Construction WOOD
    Total area 1,975 SF
    Lot 0.07 ac (2,875 SF)
    Zoning code CR
    APN 030-512-006
    UPID US09-1325621
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fuego Rosticeria Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $755k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $830k
    Blend (final) Blend
    $755k
    Owner & transaction history
    Juan Gabriel Jorge Cornejo · 2 yrs held
    Juan Gabriel Jorge Cornejo
    since 2024
    Last sale
    $755,000
    7 recorded transactions
    2024
    2023
    $755,000
    2023
    2016
    $195,000
    2016
    2015
    2014
    Zoning & alternative use
    CR · Atascadero, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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