$163,500
$179,500
8.9%For more information regarding the value of a property, please contact us for a free consultation.
5802 Traffic Way Atascadero, CA 93422
0.39 Acres Lot
Key Details
Sold Price $163,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Atnortheast(10)
MLS Listing ID NS20106551
Sold Date 06/29/20
HOA Y/N No
Lot Size 0.390 Acres
Property Description
Here is an outstanding Atascadero Commercial (mixed use) development opportunity in a fantastic downtown location. Finding an unimproved parcel in the Downtown district is nearly impossible, and this one comes with detailed design and development plans for a very cool 4 unit, mixed use building. The location is a real highlight here, being just a few blocks from the historic Atascadero Rotunda Building (City Hall), Sunken Gardens Park, the new La Plaza Center and of course the Carlton Hotel. But it is all of the design and architectural work that has gone into this project that really makes it a value! Many top professionals were hired to complete everything from the soils reports & topo maps to the 'green', environmentally friendly, low impact building design. Development docs are available for review, but the attached images will clearly show you the street level commercial space (ideally designed for a restaurant or bakery), plus the THREE 2 bdrm, 2+ bath residential units (each with a 2 car garage and cool private patio areas). Project can be built out for single ownership, or you can finish the Tentative Map (19-047) to create individual ownership air space condos. Owner has had a change in investment plans, so is now offering this for the astute investor or builder to see it thru to completion. Owner will carry back a 1st TD to qualified buyer with 25% down for 30 months, while you obtain you finish construction docs and obtain construction financing.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning DC (Downtown Commercial)
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Near Public Transit, Rectangular Lot, Sloped Up
Water Public, Private
New Construction No
Others
Senior Community No
Tax ID 029322012
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Financing Cash
Special Listing Condition Standard
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Bought with Scott Ehrke • RE/MAX Success