1042 Olive Street
San Luis Obispo, CA 93405

Description

Here is your opportunity to purchase a fully entitled mixed use hotel facility. This property currently includes 17 extended stay units and first floor commercial space on approximately one half acre of commercial-tourist zoned space in downtown San Luis Obispo. While the property was approved as an extended stay facility, existing zoning also allows the project to be built as six salable loft units (2-bedroom, 2-bath each), plus 11 extended-stay hotel units, and ground floor commercial lease space. Further uses may be explored at the Buyer's expense with the City. 22,499 square feet of vacant land near Downtown San Luis Obispo, Cal Poly, and Highway 101.

Details

MLS#SP17277550
Sub-TypeResale
StatusActive
Days On Site159

Features

ZoningCT
Property ViewYes

Market Activity 93405

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Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93405
AreaSLO - San Luis Obispo
Listing VS Median (in 93405)
Price:
$1,825,000
low | high
Med:
$895,000
100% of Average
On Site:
159
low | high
Med:
352
45.170454545455% of Average
Listing Updated: 05/26/2018
MLS Number: SP17277550
Listing Provided By:
Matt Sansone  of  Triad Real Estate Group
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