51 S OCEAN AVE CAYUCOS, CA 93430

Features

• Price/sqft: $1,547
• Lot Size: 0.23 acres
• Stories: 100
• Construction Type: Wood

Facts

• Year Built: 01/01/1948
• Property ID: 895147367
• MLS Number: SC24035889
• Parcel Number: 064-125-040
• Property Type: Commercial
• County: San Luis Obispo

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that 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.