Property 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.

Features
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: Asphalt, Flat, Reflective
: Public
MLS Addon
041121002
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29/10/2023 17:51:42
Listing courtesy of
Engel & Volkers Santa Ynez
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Commercial For Sale

105 MainStreet, Templeton, California, 93465

13,130 Sqft
Visits : 12 in 738 days
$4,150,000
Listing ID #SC23198782
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Commercial
Property SubType : Retail
Price : $4,150,000
Price Per Square Foot : $316
Square Footage : 13,130 Sqft
Year Built : 1947
View : Mountain(s)
Listing ID : SC23198782
Agent info
Rina Maya
Designated Broker
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