Greg Malik Real Estate

The property can be purchased with OWNER FINANCING! Owner will provide up to 50% of financing to qualified Buyer. The property has unique architectural lines and function. The outstanding location offers tenants an easy access to multiple ethnic restaurants, a micro brewery and a range of services and retail outlets. This mixed-use development might be ideal for an owner user. Enjoying the approximately $100,000.00 in income from the 8 spacious apartments annually. These units are governed by a Deed restricting rents based on a City of San Luis Obispo mandate. The commercial/retail space can be demised into 3 suites or the new owner could do a condo map and add value. Please confirm with City Planning Dept. for conditions or restrictions. This location would be ideal for for engineers,architects,legal, real estate or other professional service companies. New updated information. The Commercial building can be entitled into residential uses by Buyer. The new entitlements may include up to 8 MARKET RATE apartments or a combination of a 3 room Boutique Hotel and 5 apartments. Great income producer to new Buyer. Buyer to confirm new entitlements when available from Ten Over Studios and SLO Planning Dept. To be submitted in June to Planning Dept.

  • MLS# SC18059093
  • Style IQWeb_Mixed Use
  • Sub-Type Resale
  • Status Active
  • Days On Site 157
SQ Feet 10,000
Story(s) 0
Listing Provided By:
Craig Losee  of  Central Commercial Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $3,240,000
601.30%
$462,000 in 93401
this listing 10,000 SqFt
863.39%
1,038 SqFt in 93401
this listing $324 $/SqFt
27.21%
$445 $/SqFt in 93401
this listing 157 on site
313.16%
38 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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