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.

  • MLS# SP18048296
  • Style IQWeb_Mixed Use
  • Sub-Type Resale
  • Status Active
  • Year 1987
  • Days On Site 81
SQ Feet 7,000
Story(s) 2
Listing Provided By:
Guy Torelli  of  Torelli Investment Realty
 
 
Retain entrance to Takken's Shoes on Marsh St.
Door at lower right is entrance to office space upstairs. There is also a rear stairway that leads to the parking area with six spaces.
Side view looking towards Marsh Street.
 
this listing $2,975,000
654.12%
$394,500 in 93401
this listing 7,000 SqFt
874.93%
718 SqFt in 93401
this listing $425 $/SqFt
212.97%
$136 $/SqFt in 93401
this listing 81 on site
63.92%
224.5 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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