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Listed by Richard K Shannon • Century 21 Masters
$ 470,000
Est. payment /mo
Price Dropped by $23K
Atascadero, CA 93422
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS-25281934
Year Built 1987
Property Sub-Type Office
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime commercial condo located along one of Atascadero's main corridors, offering excellent visibility and ample parking. This end unit is prominently placed in the San Anselmo Center. With 2,100 SQFT the current layout includes a large reception area, three offices, two bathrooms and large rear room. It has a 100% occupancy rate for the last 15 years and a new 7 year lease with tenant, Dignity Health, 6 years remaining. The property has been very well maintained. This location is a solid investment opportunity. Gross income for the first year to be $43,346.50 with a 6.8 CAP rate. Lease contains 3% annual base rent increases.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Walkstreet