5802 Traffic Way, Atascadero, CA 93422
Property · 3 recorded sales since 2016
Sold June 2020
Listing Agent: Scott Ehrke (DRE #01012637) · Listing Office: RE/MAX Success · Contact: 805-434-2737 · Bought with: Scott Ehrke · RE/MAX Success · MLS #NS20106551 · Source: CRMLS
About this property
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.
Listing description from the June 2020 sale, as reported to CRMLS.
Sale history
