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148 N Ocean Ave
Cayucos, CA 93430

$600,000 USD

Freestanding For Sale  •  3,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 3,000 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1960
  • Zoning 60
0 Transit Score
67 Walk Score

Highlights

Extremely Rare 100 Year Ground Lease (77+ Yrs. Left) - Fee Simple Ownership - Absolute NNN
Very Attractive Low Price Point - $600,000 - Annual CPI Increases - Great Inflation Hedge
Trophy Downtown Location just Steps to Pacific Ocean/Pier- Affluent Resort Town
22+ Year Operating History - Way Below Market Rent - Low Downside Risk - Stable Cash Flow
San Luis Obispo MSA - Attractive Real Estate Fundamentals - Significant Barriers to Entry
Tourist Destination - Just South of Big Sur/Hearst Castle - Range of Lodging/Entertainment Options

Public Transportation

AirportDriveWalkDistance
San Luis County Regional 37 min - 24.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Eric Carlton 949-903-3399 Colliers
Eric Carlton 949-903-3399 Colliers