Prime commercial in the heart of the East Village of Cambria. Iconic to the central coast, this historic building has been completely remodeled from top to bottom in 2008. The entire 5000 Square feet has been updated with numerous enjoyment and safety features, designed with the flavor of the wild west. With 6 apartments above, and a commercial space below, currently leased to Mozzi’s Saloon, sit back and collect the rents or explore endless opportunities for your future business endeavors. One of the only mixed use commercial buildings on Main Street with numerous apartments above, once used as hotel rooms, in high demand and always rented grossing $7830.00 per month. Profit and loss statements are available for 2016 - 2017 and are attached to the listing. Permitted as a hotel, the units above could be treated like vacation rentals. County information is also attached. Unit 1 $800 Units 2,3,5 - $700 (going up in Jan. 2019 to $800 now that unit 6 is rented at that amount) Unit 4 - $600 (could go up to $700) Unit 6 - $800 Downstairs bar rent just increased - $3605 and goes up 3% per year each Sep ( so just went up this month) annually each subsequent . The bar pays a portion of utilities. the lease is up in 2022 however there is a 10 year extension to 2032
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Listing Courtesy ofColdwell Banker Kellie & Assoc