property image
$4,150,000
  • 4,181 m² Plot surface

Description

A prime downtown retail center has come available in Templeton California. This is a rare opportunity especially in a growing medical, wine and higher education community making this region a prime investment. New hotels are arriving in the surrounding areas alongside expansions to local colleges and potential developments like the Paso Robles Spaceport which is in partnership with Cal Poly. This property is boosting an estimated 6.3% capitalization rate at asking price and comes fully leased with multiple long-term leases and tenants that are drivers of the community. Numerous tenant and landlord renovations have taken place the past few years including a full repaint of the exterior in 2022, new roofing in 2022, new black top, and two murals on property in addition to two tenant paid remodels in 2022 and one this year.

engel & völkers shop image

Engel & Völkers

Your advisor: Sergio Morelli

Property ID: AM-5000344

Property details

Property type

Store

Plot surface

4,181 m²

Contact the provider

Get more information about this property

Country

I agree with the processing of my data for the purpose of searching for properties and being contacted by Engel & Völkers Santa Ynez. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Engel & Völkers Santa Ynez stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

  • Templeton, California, United States

    $4,150,000

Your shop

Engel & Völkers

engel & völkers shop image

Provider:

Engel & Völkers Santa Ynez

wavy pattern