222 Ocean Avenue, Cayucos, CA 93430
  • MLS#: 25503671 ( )
  • Street Address: 222 Ocean Avenue
  • Viewed: 14
  • Price: $8,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1876
  • Bldg sqft: 0
  • Days On Market: 65
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Cayucos
  • Zipcode: 93430
  • Provided by: Nest Seekers
  • Contact: Monique Monique
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A Landmark Investment Opportunity: The Historic Cass House. A turnkey opportunity to own a charming Bed & Breakfast, Artisanal Bakery, stylish Bar & Grill, and versatile Wedding & Event Venue. Own a piece of Cayucos history with this exceptional investment opportunity. This historically significant estate encompasses two combined APNs: 222 N. Ocean Avenue & 149 Cayucos Drive, Cayucos, CA. The Iconic Cass House, established in 1875 by town founder Captain James Cass, is a landmark property located in the heart of downtown Cayucos, just one block to the ocean and a short drive from Morro Bay and the Madonna Inn. This estate, approximately 30,000 sq ft (0.68 acres) is zoned for commercial, offering opportunities for hospitality or private residential purposes. This property offers a unique blend of existing improvements and diverse development potential. The Cass House, originally priced at 5 million more than a decade ago, was acquired in 2014 for 2.5 million. Substantial investments were made to redevelop the property, including the addition of new structures like a bar & grill, bakery, outdoor pavilion, storage, restrooms, and parking facilities. Throughout the development process, the property's original architecture was carefully preserved to ensure its charm and character were maintained. This project required dedication and passion to bring to fruition. The property boasts four distinct structures, including the renowned Bijou Bakery. The meticulously restored 1876 main residence exudes historic grandeur in a Victorian architectural style. Each bedroom has its own ensuite bathroom, and there are various amenities such as a reception area, banquet room, formal dining room, and a commercial grade kitchen perfect for its previous operation as The Cass House Bed & Breakfast and Wedding Venue. A picturesque wedding arbor and expansive lawn provide an idyllic setting for events. Currently used as a private residence, this grand estate awaits its next chapter as a premier destination. Complementing the main residence is a guest house, ideal for on site management, additional guest accommodations, or a bridal suite. Further enhancing the property are a cold storage unit designed to seamlessly blend with the historic aesthetic, a dry storage area, public restrooms, on site parking, and established vegetable and herb gardens, offering exciting farm to table possibilities. The fully equipped restaurant space, formerly the Cass House Bar & Grill, is primed for reopening. Featuring multiple beer and wine taps, a wood fired oven and Argentina grill, a professional grade bar and kitchen, and an inviting alfresco dining pavilion with retractable covers, ample seating, and elegant chandeliers, this space is perfectly suited for a thriving restaurant and wine events. The Bijou Bakery currently operates under a month to month lease, providing the new owner with flexibility to renegotiate terms, secure a long term lease, or explore alternative arrangements. This highly visible property enjoys a prime location, attracting both locals and tourists. Its unique combination of historical significance, proximity to the ocean, versatile zoning, existing infrastructure, and potential for expansion makes this a truly compelling investment in a thriving coastal community. Please insert the following link into your web browser for the video illustrating the property's immense potential: https://youtu.be/fmsG Sl8jLg?si=ZNo0WGNWeAEGEoH1 . Financials and pro forma details available upon request. Contact our team today for more information or to schedule a private showing.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
  4. Vented Exhaust Fan
Architectural Style
  1. Victorian
Building Area Total
  1. 4299.00
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Flooring
  1. Wood
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Lot Features
  1. Lawn
  2. Corners Marked
Netoperatingincome
  1. 842365.00
Parcel Number
  1. 064094039
Parking Features
  1. Driveway - Combination
Postalcodeplus4
  1. 1006
Property Condition
  1. Updated/Remodeled
Security Features
  1. Fire and Smoke Detection System
  2. Gated Community
  3. Smoke Detector(s)
Sourcesystemkey
  1. 25503671:CLAW
Totalexpenses
  1. 988635.00
View
  1. Coastline
  2. Ocean
  3. Landmark
  4. Pier
  5. White Water
Views
  1. 14
Year Built
  1. 1876
Zoning
  1. CR