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

$2,975,000

Description

Repositioning Opportunity in the prime part of Downtown San Luis Obispo. Loft apartments or condos can be built upstairs, and a 3rd or 4th story with Lofts could be built. Takken's Shoes, the current downstairs tenant, would relocate opening up the opportunity to achieve market rents. The boutique auto dealer building next door is in the process of being renovated into a new retail use. Almost 5,000 new residential homes are currently being built or in the approval process within a 2.5 mile radius of Marsh Street. Attached brochure has the details of the downtown development surrounding this property and financial analysis. Current owner built this property in 1987.

Details

MLS#SP18048296
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1987
Days On Site171

Features

SQ Feet7,000
Story(s)2

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:
$2,975,000
low | high
Med:
$455,500
100% of Average
SqFt:
7,000
low | high
Med:
1,027
100% of Average
$ / SqFt:
$425
low | high
Med:
$444
45.645195404638% of Average
On Site:
171
low | high
Med:
34.5
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 5,000 - 8,500
Listing Updated: 08/19/2018
MLS Number: SP18048296
Listing Provided By:
Guy Torelli  of  Torelli Investment Realty
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