Keegan Cin | Realtor® | License # DRE 01971604

Property

Cayucos, CA 93430 222 N Ocean Avenue

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Presented By: Monique Alexander with Nest Seekers;
  • MLS# 25503671
  • 02/26/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 10
  • SQFT • 4,299
  • Year Built • 1876

Home Details

A Landmark Investment Opportunity: The Historic Cass House. A turnkey opportunity to own a charming Bed & Breakfast, Artisanal Bakery, stylish Bar & Grill, and versatile Wedding & Event Venue. Own a piece of Cayucos history with this exceptional investment opportunity. This historically significant estate encompasses two combined APNs: 222 N. Ocean Avenue & 149 Cayucos Drive, Cayucos, CA. The Iconic Cass House, established in 1875 by town founder Captain James Cass, is a landmark property located in the heart of downtown Cayucos, just one block to the ocean and a short drive from Morro Bay and the Madonna Inn. This estate, approximately 30,000 sq ft (0.68 acres) is zoned for commercial, offering opportunities for hospitality or private residential purposes. This property offers a unique blend of existing improvements and diverse development potential. The Cass House, originally priced at 5 million more than a decade ago, was acquired in 2014 for 2.5 million. Substantial investments were made to redevelop the property, including the addition of new structures like a bar & grill, bakery, outdoor pavilion, storage, restrooms, and parking facilities. Throughout the development process, the property's original architecture was carefully preserved to ensure its charm and character were maintained. This project required dedication and passion to bring to fruition. The property boasts four distinct structures, including the renowned Bijou Bakery. The meticulously restored 1876 main residence exudes historic grandeur in a Victorian architectural style. Each bedroom has its own ensuite bathroom, and there are various amenities such as a reception area, banquet room, formal dining room, and a commercial-grade kitchen perfect for its previous operation as The Cass House Bed & Breakfast and Wedding Venue. A picturesque wedding arbor and expansive lawn provide an idyllic setting for events. Currently used as a private residence, this grand estate awaits its next chapter as a premier destination. Complementing the main residence is a guest house, ideal for on-site management, additional guest accommodations, or a bridal suite. Further enhancing the property are a cold storage unit designed to seamlessly blend with the historic aesthetic, a dry storage area, public restrooms, on-site parking, and established vegetable and herb gardens, offering exciting farm-to-table possibilities. The fully equipped restaurant space, formerly the Cass House Bar & Grill, is primed for reopening. Featuring multiple beer and wine taps, a wood-fired oven and Argentina grill, a professional-grade bar and kitchen, and an inviting alfresco dining pavilion with retractable covers, ample seating, and elegant chandeliers, this space is perfectly suited for a thriving restaurant and wine events. The Bijou Bakery currently operates under a month-to-month lease, providing the new owner with flexibility to renegotiate terms, secure a long-term lease, or explore alternative arrangements. This highly visible property enjoys a prime location, attracting both locals and tourists. Its unique combination of historical significance, proximity to the ocean, versatile zoning, existing infrastructure, and potential for expansion makes this a truly compelling investment in a thriving coastal community. Please insert the following link into your web browser for the video illustrating the property's immense potential: https://youtu.be/fmsG-Sl8jLg?si=ZNo0WGNWeAEGEoH1 . Financials and pro forma details available upon request. Contact our team today for more information or to schedule a private showing.
Presented By: Monique Alexander with Nest Seekers;

Interior Features for 222 N Ocean Avenue

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths10
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Total Stories2

General for 222 N Ocean Avenue

Additional Parcels Y/NYes
AppliancesDishwasher, Disposal, Refrigerator, VentedExhaustFan, Dryer, Washer
Architectural StyleVictorian
Attached Garage No
Carport Y/NNo
CityCayucos
Community FeaturesGated
CoolingCentralAir
CountySan Luis Obispo
DirectionsTake Highway CA1 towards Morro Bay until you reach Cayucos Drive. Proceed towards the ocean until you reach the intersection of Cayucos Drive and Ocean Avenue.
DisclosuresHistorical
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income1831000.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet29730.0
Lot Size UnitsSquareFeet
MLS AreaCAYU - Cayucos
MobileHomeRemainsYNNo
Net Operating Income842365.0
New ConstructionNo
Number Of Units Total4
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesFireDetectionSystem, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
ViewCoastline, Landmark, Ocean, Pier
Waterfront Y/NNo
Year Built1876
ZoningCR

Exterior for 222 N Ocean Avenue

Building Area Total4299.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornersMarked, Lawn
Lot Size Acres0.6825
Lot Size Area29730.0
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking20.0

Additional Details

Price History

Keegan Cin

Team Lead
Price $8,700,000
MLS#25503671
List Date 02/26/2025
Property Type Multi-Family
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