Homes for sale - 51 S Ocean AVE, Cayucos, CA 93430

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$5,200,000

Est. payment - /mo

10,018 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC25056822

HOA Y/N No

Year Built 1938

Lot Size 10,018 Sqft

Property Sub-Type Hotel/Motel

Property Description

A premier investment opportunity, this Spanish Mediterranean property has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.

Location

State CA

County San Luis Obispo

Area Cayu - Cayucos

Zoning Commercial/Residentail

Interior

Heating Forced Air

Cooling None

Fireplace No

Laundry Inside

Exterior

Fence Block, Brick, Wood

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront Description Ocean Side Of Highway

Roof Type Clay,Spanish Tile

Building

Lot Description Corner Lot, Street Level

Story 1

Water Public

Others

Tax ID 064125040

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Frankie Ciano • Ciano Real Estate, Inc. • 805-748-1026

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

51 S Ocean AVE Cayucos, CA 93430

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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