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2500 El Camino Real

Atascadero, CA 93422
  • $1,375,000
  • STATUS: Closed
  • ON SITE: 307 Days
  • ID#: PI24148077
Sold - 01/27/2025
$1,375,000
SOLD - 01/27/2025
  • 0
    BEDS
  • 1.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1946
County:

School Ratings & Info

Listing Agent(s): Abel Contreras of Invest SLO (805-295-2719)


Description

Prime commercial investment opportunity with unlimited development potential. 2500 El Camino Real, Atascadero. Currently zoned Commercial Park (CPK) with the exciting prospect of being rezoned to Mixed use (Commercial Residential - CR) Featuring three buildings on a level terrain, this property has high visibility from HWY 101 / El Camino Real. The existing tenant pays $6887.76 with limited landlord expenses. The property is positioned near the thriving business hubs of Del Rio Marketplace and Barrel Creek Development. Located in the heart of a rapidly expanding neighborhood with numerous surrounding properties and developments underway, this is a rare blue ocean opportunity in the commercial real estate landscape. Presently leased to a long-term tenant operating a successful nursery, this property offers immediate income potential while providing flexibility for future development. Buyers are encouraged to conduct their due diligence with the City to capitalize on this extraordinary investment.

Sold by Scott Taylor of Keller Williams Realty Central Coast.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-23T07:32:56.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/152807380
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2500 El Camino Real Atascadero, CA 93422

  • Price: $1,400,000
  • Status: Closed
  • On Site: 307 Days
  • Updated: 31 min ago
  • ID#: PI24148077
0
Beds
0
Baths
0
½ Baths
1.19
Acres
1946
Built
Neighborhood:
ATSC - Atascadero
County:
San Luis Obispo
Area:
ATSC - Atascadero
Property Description
Prime commercial investment opportunity with unlimited development potential. 2500 El Camino Real, Atascadero. Currently zoned Commercial Park (CPK) with the exciting prospect of being rezoned to Mixed use (Commercial Residential - CR) Featuring three buildings on a level terrain, this property has high visibility from HWY 101 / El Camino Real. The existing tenant pays $6887.76 with limited landlord expenses. The property is positioned near the thriving business hubs of Del Rio Marketplace and Barrel Creek Development. Located in the heart of a rapidly expanding neighborhood with numerous surrounding properties and developments underway, this is a rare blue ocean opportunity in the commercial real estate landscape. Presently leased to a long-term tenant operating a successful nursery, this property offers immediate income potential while providing flexibility for future development. Buyers are encouraged to conduct their due diligence with the City to capitalize on this extraordinary investment.
Exterior Features

Entry Level 1 Lot Features 16-20 Units/AcreLot Over 40000 SqftLevelRectangular LotStreet LevelValue In Land Parking Total 45 Sign On Property YN Yes

Property Features

Additional Parcels YN No Business Type Florist/NurseryMixedSingle-Tenant Buyer Financing Other Cap Rate 6.06 Common Interest None Current Financing None Electric Expense 0 Gross Scheduled Income 84864 Insurance Expense 0 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 0 Net Operating Income 84864 Number Of Units Leased 3 Operating Expense 0 Property Sub Type Business Special Listing Conditions StandardTrust Supplies Expense 0 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning CPK -possible rezone CR



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-23T07:32:56.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Abel Contreras of Invest SLO (805-295-2719)