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.

  • MLS# SP18223404
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Year 1953
  • Days On Site 65
SQ Feet 2,640
Story(s) 0
Zoning CC
Listing Provided By:
Guy Torelli  of  Torelli Investment Realty
 
 
 
 
this listing $895,000
113.35%
$419,500 in 93401
this listing 2,640 SqFt
76.00%
1,500 SqFt in 93401
this listing $339 $/SqFt
21.22%
$280 $/SqFt in 93401
this listing 65 on site
306.25%
16 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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