INVESTORS! This Quality Commercial Investment is priced for IMMEDIATE SALE! Rarely do you find such an opportunity to purchase an income/investment property - offering an outstanding location, quality tenants, minimum upkeep/maintenance and a desirable return on your investment. But this IS one of those opportunities, where you can expect a 7.5 CAP RATE on a no excuse building! Beautifully remodeled in the last 6-7 years, this 3,800+/-SF two unit building sits immediately next to the historic Carlton Hotel, and is just a block from Sunken Gardens Park. Existing tenant leases run through the end of 2014, and generate well over $60,000/year, with one unit occupied by a resort quality spa (The Spa Central Coast), and the other unit occupied by Haven Wine Bar & Bistro. Both units are highly improved, well managed, and in the heart of the beautifully improved Atascadero Downtown Colony District.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
