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$ 5,500,000
Est. payment | /mo
5.19 Acres Lot
$ 5,500,000
Est. payment | /mo
5.19 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS26176460
HOA Y/N No
Lot Size 5.190 Acres
Property Sub-Type Retail
Property Description
FOR SALE: Fully-approved, mixed-use development. Multi-family, Retail, Vacation rentals. 5.19 Acres. Seven Parcels. Fully-Entitled. Shovel-ready project.
Dove Creek is a fully-approved, shovel-ready mixed-use development opportunity on California's Central Coast — a 5.19-acre site located one block from Highway 101 on Atascadero's main commercial corridor, El Camino Real. Positioned between the Paso Robles and San Luis Obispo wine regions and the Pacific Ocean, the region offers a strong tourism and housing market with high demand for retail and hospitality. Local demand continues to grow for dining, entertainment, and visitor accommodations, and the highest per-capita incomes in the county, Atascadero remains underserved for retail.
5.19 ACRES
71 RESIDENTIAL CONDOS
20 VRBO / HOTEL ROOMS
14,840 SF RETAIL
7 PARCELS (VTTM)
The site is midway between San Francisco and Los Angeles, and just a 15-minute drive to the City of San Luis Obispo. The area draws consistent visitor traffic from more than 250 area wineries, year-round outdoor recreation, and a thriving tourism economy. Dove Creek offers the opportunity to deliver a transformative, walkable mixed-use destination.
Residential Condominiums:
71 units (one- and two-bedroom), designed for both long-term rental and condominium sales.
Vacation Rental / Hotel:
20-room VRBO / hotel offering with kitchens — purpose-built for region's thriving hospitality market, capturing wine country and coastal tourism demand.
Commercial Retail
14,840 square feet across four buildings. Community seeks dining, entertainment, and specialty retail.
Entitlement
— Vesting Tentative Tract Map:
7 parcels, airspace subdivision,
residential & commercial
— Fully city-approved
— Development flexibility across
multiple parcels offers phasing
The approved master plan organizes seven residential and commercial buildings around a central pedestrian spine, farmer's-market plaza, and structured parking — creating a walkable, village-scale destination anchored by El Camino Real frontage.
Dove Creek is a fully-approved, shovel-ready mixed-use development opportunity on California's Central Coast — a 5.19-acre site located one block from Highway 101 on Atascadero's main commercial corridor, El Camino Real. Positioned between the Paso Robles and San Luis Obispo wine regions and the Pacific Ocean, the region offers a strong tourism and housing market with high demand for retail and hospitality. Local demand continues to grow for dining, entertainment, and visitor accommodations, and the highest per-capita incomes in the county, Atascadero remains underserved for retail.
5.19 ACRES
71 RESIDENTIAL CONDOS
20 VRBO / HOTEL ROOMS
14,840 SF RETAIL
7 PARCELS (VTTM)
The site is midway between San Francisco and Los Angeles, and just a 15-minute drive to the City of San Luis Obispo. The area draws consistent visitor traffic from more than 250 area wineries, year-round outdoor recreation, and a thriving tourism economy. Dove Creek offers the opportunity to deliver a transformative, walkable mixed-use destination.
Residential Condominiums:
71 units (one- and two-bedroom), designed for both long-term rental and condominium sales.
Vacation Rental / Hotel:
20-room VRBO / hotel offering with kitchens — purpose-built for region's thriving hospitality market, capturing wine country and coastal tourism demand.
Commercial Retail
14,840 square feet across four buildings. Community seeks dining, entertainment, and specialty retail.
Entitlement
— Vesting Tentative Tract Map:
7 parcels, airspace subdivision,
residential & commercial
— Fully city-approved
— Development flexibility across
multiple parcels offers phasing
The approved master plan organizes seven residential and commercial buildings around a central pedestrian spine, farmer's-market plaza, and structured parking — creating a walkable, village-scale destination anchored by El Camino Real frontage.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Interior
Fireplace No
Laundry None
Exterior
Present Use Unimproved
Building
Lot Description Lot Over 40000 Sqft
Story 2
Others
Tax ID 045331014
Special Listing Condition Standard
Listed by Michael Manchak Real Broker 805 748-0500, DRE #02205849
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