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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,078 sqft
Price per Sqft $308
MLS Listing ID PI21038798
Sold Date 09/09/21
HOA Y/N No
Year Built 1963
Lot Size 0.536 Acres
Acres 0.5357
Property Description
Rare opportunity to purchase a property that can immediately generate cash flow with the added potential bonus of future multifamily expansion. Over a half-acre of land that is zoned MF20 this property may be improved with up to a 10-unit multifamily development. The modern medical office building and a charming residential home located on the property both generate rental income. The two office spaces are each approxamently 1,200 SF and share a common waiting room and outdoor break area. The property has plenty of off-street parking to accommodate patients and guest. Between the potential cash flow and further development this is an opportunity you don't want to miss.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Reflective
Total Parking Spaces 10
Building
Lot Description Drip Irrigation/Bubblers, Near Public Transit, Sprinkler System
Story 1
Water Public
Others
Tax ID 029252005
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jean Ponek • Ponek Real Estate Group
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960