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A quant California downtown is on sale for $6.6 million, but the seller is looking for a specific kind of buyer

Downtown Campo is an hour away from San Diego in California.

Peck said Campo is a community where people don’t hesitate to lend a helping hand or step up when times get tough.

“If there’s any type of tragedy, everyone comes together and helps one another. You don’t even have to know the person,” she said.

People care about each other in Campo, she said. It’s something she wants the future owner to understand.

After two decades, real estate investor John Ray has decided to sellCampo’s downtown for $6.6 million. But he isn’t looking for just any buyer.

Downtown Campo has 28 buildings

The listing for downtown Campo includes three separate parcels totaling about 16 acres. There are 28 buildings, a mix of residential units and commercial businesses, including a post office and a Baptist church.

Nick Hernandez, the property’s listing agent at Top Gun CRE, told BI that the area has about 150 to 175 residents. Many of them are young families with children.

“It’s a really tight-knit community,” Hernandez said.

The listing includes a 28-building portfolio that has commercial and residential units.

History buffs might be intrigued with Campo’s past, including its stint as a military outpost for African-American troops during World War II, called “Buffalo Soldiers.”

“It was a pretty substantial base back in the day,” Hernandez said.

Potential owners might also be attracted to revitalizing part of a long-standing town.

Hernandez and Ray said short-term rentals could be one way for Campo’s future owner to upgrade the town.

“You can rent an Airbnb and have an activity there, whether it’s artistic activity, horses, or off-roading,” Ray said.

Downtown Campo hasn’t undergone major redevelopment in several years.

Peck said it would be “incredible” to see the future owner invest in the current infrastructure and help the community grow. She’s noticed more people moving to the area and buying property.

“They don’t have to live here, but we want the person to be a part of the community and to want something better. Not just buy Campo for the namesake of it like, “Oh, I bought a town.'”

When Peck envisions Campo in 10 years, she doesn’t see McDonald’s or other mega franchises.

“My vision for Campo would be the schools being upgraded, safer roads, and more resources for the kids,” she said.

A birds-eye view of Downtown Campo in California.

Peck has heard rumors of potential buyers, too.

The Hill reported in May that American skateboarder Tony Hawk expressed interest in Campo.

“What I want for Campo is somebody that cares, “Peck said. “It’s that simple.”

Read the original article on Business Insider

https://www.businessinsider.com/california-town-campo-sale-real-estate-2024-8