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Listed by Preston Thomas • Colliers Tingey International Inc.
$ 4,600,000
Est. payment /mo
Active
San Luis Obispo, CA 93401
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-26025867
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime Infill Opportunity in Downtown San Luis Obispo.
One of the last largest remaining infill sites in Downtown SLO.
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately.
» Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
» Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
» City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
» High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
» Possibility for Assisted Living.
One of the last largest remaining infill sites in Downtown SLO.
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately.
» Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
» Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
» City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
» High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
» Possibility for Assisted Living.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Laundry None
Building
Lot Description Lot Over 40000 Sqft, Corner Lot
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