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Listed by Frankie Ciano • Ciano Real Estate, Inc.
$ 5,200,000
Est. payment | /mo
3,892 SqFt
$ 5,200,000
Est. payment | /mo
3,892 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 3,892 sqft
Price per Sqft $1,336
MLS Listing ID CRSC25056822
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1938
Lot Size 10,019 Sqft
Property Sub-Type Comm Ind For Sale
Property Description
A premier investment opportunity, this Spanish Mediterranean property has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
Location
State CA
County San Luis Obispo
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
Water Public
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