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.