Improved Mixed-Use Land for Sale in Santa Margarita, California
12900 Soda Lake Rd Santa Margarita, CA 93453
"Own the Town " Financing Available from Seller for Qualified Buyer's with strong Offers!!
Here's your chance to own the only commercial site and facilities in the entire Carrizo Plains. The town consists of 8.7+- acres of commercial land and 31+- acres of Ag land surrounding the commercial site. Soda Lake City in California Valley is located 1.3+- miles south of Hwy 58 on both sides of Soda Lake Road. Soda Lake Rd crosses Hwy 58 at a point, which is 47+- miles east of Hwy 101 and 45+- miles west of Hwy 5 and is more than 40 miles away from any town or commercial services. This commercial site consists of a 20-unit Lodge/Motel with a one-bedroom manager's apartment for a total of (7,500+- sq. ft.), a restaurant, and store, (5,000 SF) and a service station (1,500+- sq. ft.). All of these Buildings are operational(except the gas station). Included in the sale are two (never used) uninstalled Prefab Fast Food Restaurant buildings purchased in 2002. The town was completed in the early 1970's along with the subdividing of 25,000+- acres next to the town offering 7,500 -2.5+- acre residential parcels. All of the town's buildings have been totally remodeled and updated to county health and fire department codes at a cost of more than $1,200,000.00 in 2011, along with additional upgrades. The well that serves the town is 475+- ft. deep and produces approximately 150 gpm of drinking water. Contact us today to discuss seller financing options.
Directions
Hwy 58 to Soda Lake Rd
Location
- Street Address
- 12900 Soda Lake Rd
- County
- San Luis Obispo County
- Elevation
- 1,969 feet
Property details
- Zoning
- CR
- MLS Number
- MRMLS NS23059212
- Date Posted
Parcels
- 072141021
Detailed attributes
Listing
- Type
- Commercial Sale
Structure
- Cooling
- Window Unit(s) A/C
Interior
- Features
- Living Quarters
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 13, 2024 | Price drop | $2,300,000 | $200,000 -8% | MRMLS |
Mar 28, 2024 | Price drop | $2,500,000 | $300,000 -10.7% | MRMLS |
Sept 16, 2023 | Price drop | $2,800,000 | $400,000 -12.5% | MRMLS |
July 13, 2023 | Price drop | $3,200,000 | $300,000 -8.6% | MRMLS |
Apr 14, 2023 | New listing | $3,500,000 | — | MRMLS |