Greg Malik Real Estate
761 Caudill Street
San Luis Obispo, CA 93401

$1,100,000

Description

Prime Development Parcel! 8 unit residential condo potential or 18 studio unit apartment building potential within walking distance to Downtown San Luis Obispo in the up and coming, Little Italy district. CR zoned parcel has the highest underlying residential density of any zones with 36/residential units per acre. Allows 9.25 two bedroom density units. You will not find a better CR lot with so much development potential and wide array of allowed uses, anywhere else in town. Perfect for a contractor or investor. Current owner is pursuing City approvals for an 8 unit mixed use condo project, sale will include City of San Luis Obispo ARC approvals. Buyer to verify all information with City of San Luis Obispo.

Details

MLS#SP17237213
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Days On Site303

Features

SQ Feet11,200
Story(s)0

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:
$1,100,000
low | high
Med:
$449,000
100% of Average
SqFt:
11,200
low | high
Med:
1,202
100% of Average
$ / SqFt:
$98
low | high
Med:
$374
100% of Average
On Site:
303
low | high
Med:
156
100% of Average
Listing Updated: 08/15/2018
MLS Number: SP17237213
Listing Provided By:
Preston Thomas, SIOR  of  Rossetti Company
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