Greg Malik Real Estate
1027 Marsh Street
San Luis Obispo, CA 93401

Description

Prime retail / office property in downtown San Luis Obispo on Marsh Street near Santa Rosa priced at a 4.7% CAP. In the heart of all the new retail, hotel, residential development. Ground floor is leased to a long-term tenant at $2,100 / month with annual increases through 2020. It's approximately 1,300 sq. ft. The upstairs space of 1,300 sq ft is Tattoo Artistry who just signed a five year lease starting at $2,100 / month. $100 per month annual rent increases. The current owner completely re-built this property in 1985 including new plumbing, electrical, etc. See attached brochure for income details. Modified Gross leases where tenants pay all utilities and fire sprinkler fees and owner pays property taxes and insurance.

Details

MLS#SP18223404
StyleRetail
Sub-TypeResale
StatusActive
Year1953
Days On Site62

Features

SQ Feet2,640
Story(s)0
ZoningCC

Market Activity 93401

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Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO - San Luis Obispo
Listing VS Median (in 93401)
Price:
$895,000
low | high
Med:
$419,500
100% of Average
SqFt:
2,640
low | high
Med:
1,500
93.181818181818% of Average
$ / SqFt:
$339
low | high
Med:
$280
67.506145251397% of Average
On Site:
62
low | high
Med:
16
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 1,500 - 3,000
Listing Updated: 11/13/2018
MLS Number: SP18223404
Listing Provided By:
Guy Torelli  of  Torelli Investment Realty
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