399 S Ocean Avenue, Cayucos, CA 93430

$2,900,000
8,000
SqFt
List Price
$2,900,000
Status
ACTIVE
MLS#
SC18297472
Living Sq. Ft
8,000
Days on Market
85
Property Type
Commercial
Property Sub Type
Hotel/Motel
Days on Market
76

Property Description

RARE opportunity to own an attractive boutique hotel in a very popular vacation destination, Cayucos, CA. Located within walking distance to downtown, shopping, spas, the beach and surf, there is huge upside with returning visitors and many activities put on by the Chamber of Commerce. With 19 private suites, it also includes a 2 bed 1 bath updated living quarters for management. 15 of the 19 suites have been updated with new flooring, windows, doors, and magnetic key locks. Two premium suites offer jacuzzi tubs and all suites include small kitchenettes. There is plenty of parking for 26. The popularity of Cayucos extends back for generations; visitors often return year after year, making this an excellent opportunity to capitalize on the potential. Cayucos is just south of Big Sur on California's Central Coast and is equidistant between LA and SF. Vacation activities include: surfing, stand up paddling, kayaking, hiking, biking, paragliding, sightseeing tours, wine tasting tours, hot springs, sea glass hunting and shopping. Cayucos hosts car shows, antiques shows, a HUGE 4th of July and a Polar Bear Dip on January 1st. Plenty of opportunity to capture visitors and keep the rooms occupied. The weather is mild and Mediterranean, and visitors mainly come from the San Joaquin Valley, SF Bay Area, and Los Angeles. This is an opportunity you do not want to pass by. Call your realtor today!

Additional Information

Water
Public
Total Number of Units
19

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joel Pace from Big Block Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.