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51 Ocean Avenue, Cayucos, CA 93430
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51 Ocean Avenue
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More Like This
  • MLS#: SC25056822 ( Hotel/Motel )
  • Street Address: 51 Ocean Avenue
  • Viewed: 14
  • Price: $5,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1938
  • Bldg sqft: 0
  • Days On Market: 37
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Cayucos
  • Zipcode: 93430
  • Provided by: Ciano Real Estate, Inc.
  • Contact: Frankie Frankie
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 3892.00
Commoninterest
  1. None
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Fencing
  1. Block
  2. Brick
  3. Wood
Heating
  1. Forced Air
Laundry Features
  1. Inside
Parcel Number
  1. 064125040
Postalcodeplus4
  1. 1647
Property Type
  1. Hotel/Motel
Roof
  1. Clay
  2. Spanish Tile
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Available
  5. Sewer Connected
  6. Water Connected
Views
  1. 14
Waterfront Features
  1. Ocean Side Of Highway 1
Water Source
  1. Public
Year Built
  1. 1938
Year Built Source
  1. Seller
Zoning
  1. Commercial/Residentail