11600 El Camino Real
Atascadero, CA, 93422 $ 5,500,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 37,987
Listed by Michael Manchak, Real Broker, mmanchak@gmail.com
for $5,500,000. The lot size is 5.19.
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.
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FeaturesGeneralZoning CR
HOA Fee 0
View Mountain(s)
Current Use Unimproved
Community Features Biking Sidewalks
County San Luis Obispo
New Construction false
Property Type Land
HOA false
Contingency None
Subdivision Name Dove Creek
Special Listing Conditions Standard
Status Active
Directions On corners of Santa Barbara Road and El Camino Real
City Atascadero
Senior Community Y/N false
MLS Area ATSC - Atascadero
Lot Size Units Square Feet
Lot Size Square Feet 226076
Listing Terms Cash
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
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ExteriorLot Features Lot Over 40000 Sqft
Lot Size Area 226076
Lot Size Acres 5.19
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* Excluded FeaturesList ByMichael ManchakListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $37,987
- Monthly Property Taxes
- --
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Atascadero, CA
Average List Price $972,953
Percent of Sale Price 82%
About Atascadero, CA 30,195 Population
13% Since 2002
$ 71,523 Median Income
41.39 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2026 | $5,500,000 | | Listed Price |