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5802 Traffic Way, Atascadero, CA – $179,500

  • $180k Price
  • 124 DOM
  • $180k Price
  • 124 DOM

5802 Traffic Way

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.

Essential Information

  • MLS® #NS19275944
  • Price$179,500
  • Lot Square Footage17,000
  • TypeLot-Land
  • Sub-TypeLots and Land
  • StatusActive

Community Information

  • Address5802 Traffic Way
  • AreaAtascadero (ATSC)
  • SubdivisionATNortheast(10)
  • CityAtascadero
  • CountySan Luis Obispo
  • StateCA
  • Zip Code93422

Amenities

  • ViewCity Lights View

Exterior

Lot Description

Lot Shape-Rectangular, Up Slope from Street, Near Public Transit

Additional Information

  • Date ListedDecember 3rd, 2019
  • Days on Market124
  • ZoningDC (Downtown Commercial)

Listing Details

  • AgentScott Ehrke(01012637)
  • OfficeRE/MAX Parkside Real Estate

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Price Change History for 5802 Traffic Way, Atascadero, CA (MLS® #NS19275944)

Date Details Change
Status Changed from Pending to Active
Price Reduced from $197,500 to $179,500 $18,000 (9.11%)
Status Changed from Active to Pending
Price Reduced from $225,000 to $197,500 $27,500 (12.22%)

Based on information from California Regional Multiple Listing Service, Inc. as of May 27th, 2020 at 2:53pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.