EVERLYGROVE HOTELS is pleased to present a rare opportunity to lease the 4,506 square foot restaurant space at the iconic Carlton Hotel. Located in the heart of downtown Atascadero, one of the fastest-growing and revitalized corridorson California’s CentralCoast.
This historic hotel is currently undergoing a full renovation and will soon join the Marriott Tribute Portfolio, a collection of independent, upscale hotels recognized for their character and appeal to discerning travelers. As part of the Marriott Bonvoy® network, the hotel will draw a consistent flow of both global travelers and loyal Bonvoy members, offering a built-in, high-quality customer base.
The restaurant space is currently available for lease and will be delivered with flexible tenant improvement (TI) options, allowing the right operator to bring their vision to life. The lease terms are highly competitive, structured to support the success of the tenant. The space also offers potential for additional revenue through catering for the on-site conference room.
• Rent is 5% of gross monthly revenue for years one and two
• Plus tenant’s share of utilities.
Downtown Atascadero has undergone a major revitalization in recent years, with the city investing heavily in infrastructure, beautification, and public spaces. New sidewalks, lighting, landscaping, and a thriving calendar of community events have transformed the area into a lively, walkable destination. The neighborhood now boasts boutique shops, craft breweries, wine bars, and entertainment venues, attracting both locals and tourists. The Carlton Hotel sits at the center of this renewed energy, making the restaurant space a prime location to capture foot traffic from hotel guests and the steadily growing downtown crowd.
This is a rare opportunity to launch a standout dining concept in a landmark building at the heart of a downtown Atascadero.
Aaron Graves
EverlyGrove
