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Own the Town " Financing Available from Seller for Qualified Buyer's with strong Offers!!Lease Option-$20,000. monthly w/3-month deposit and No P&L.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.
| Last Updated | 2/3/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | Santa Margarita | County | San Luis Obispo |
Price History
| Prior to Jul 13, '23 | $3,500,000 |
|---|---|
| Jul 13, '23 - Sep 16, '23 | $3,200,000 |
| Sep 16, '23 - Mar 28, '24 | $2,800,000 |
| Mar 28, '24 - Jun 13, '24 | $2,500,000 |
| Jun 13, '24 - Feb 3, '25 | $2,300,000 |
| Feb 3, '25 - Today | $1,950,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Washer |
| AREA | Santa Margarita |
| CONSTRUCTION | Wood Siding |
| HEAT | Wall Furnace |
| LOT | 40 acre(s) |
| LOT DESCRIPTION | 6-10 Units/Acre, Pasture, Street Level |
| STORIES | 1 |
| UTILITIES | Electricity Connected,Propane,Phone Connected,Overhead Utilities |
| WATER | Well |
| ZONING | CR |
Location
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/12/25 1:28 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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