Greg Malik Real Estate

Prime retail / office property in downtown San Luis Obispo on Marsh Street near Santa Rosa. 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 under negotiations with a new tenant at an expected rent of $2,400 / month. 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 utilities and fire sprinkler fees and owner pays property taxes and insurance.

  • MLS# SP18223404
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Year 1953
  • Days On Site 10
SQ Feet 2,640
Story(s) 0
Zoning CC
Listing Provided By:
Guy Torelli  of  Torelli Investment Realty
 
 
 
 
this listing $995,000
92.46%
$517,000 in 93401
this listing 2,640 SqFt
105.61%
1,284 SqFt in 93401
this listing $377 $/SqFt
6.77%
$404 $/SqFt in 93401
this listing 10 on site
82.46%
57 on site in 93401

Location

State CA
County San Luis Obispo
City San Luis Obispo
Zip Code 93401
Area SLO - San Luis Obispo

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