Greg Malik Real Estate

Prime commercial in the heart of the East Village of Cambria. Iconic to the central coast, this historic building has been completely remodeled from top to bottom in 2008. The entire 5000 Square feet has been updated with numerous enjoyment and safety features, designed with the flavor of the wild west. With 6 apartments above, and a commercial space below, currently leased to Mozzis Saloon, sit back and collect the rents or explore endless opportunities for your future business endeavors. One of the only mixed use commercial buildings on Main Street with numerous apartments above, once used as hotel rooms, in high demand and always rented grossing $7830.00 per month. Profit and loss statements are available for 2016 - 2017 and are attached to the listing. Permitted as a hotel, the units above could be treated like vacation rentals. County information is also attached. Unit 1 $800 Units 2,3,5 - $700 (going up in Jan. 2019 ) Unit 4 - $600 (could go up to $700) Unit 6 - $825 Downstairs bar rent just increased - $3605 and goes up 3% per year each Sep ( so just went up this month) annually each subsequent . The bar pays a portion of utilities. the lease is up in 2022 however there is a 10 year extension to 2032

  • MLS# SC18165130
  • Style IQWeb_Mixed Use
  • Sub-Type Resale
  • Status Active
  • Year 1922
  • Days On Site 97
SQ Feet 5,000
Story(s) 2
Units 7
Listing Provided By:
Kellie Williams  of  Coldwell Banker Kellie Assoc
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $1,575,000
429.41%
$297,500 in 93428
this listing 97 on site
72.68%
355 on site in 93428

Location

State CA
County San Luis Obispo
City Cambria
Zip Code 93428
Area CAMB - Cambria

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