san luis obispo, california...mill street and santa rosa street, downtown san luis obispo four bed,...

For SalePrime Downtown Office Parcel with Residence and Excess Land

1,700 SF on 11,300 SF Lot

San Luis Obispo, California

Preston Thomas, SIOR805.544.3900 office

[email protected] Lic. #01378821

Information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Office Parcel

Redevelopment/remodel opportunity. Residence located two blocks from the Downtown core, on a larger office zoned parcel, with development potential. Former office, converted to a four bedroom, one bath home. Sits on one of the largest office parcels left near the Downtown core, at 11,300 square feet. Possible to add several more units. Great buy and hold opportunity, with many different options.

Preston Thomas, SIOROffice and Industrial Specialist

Information contained herein has been obtained from the owner of the property or from other sourcesdeemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

S a n L u i s O b i s p o

1034 Mill StreetSan Luis Obispo, CA

Price: $1,200,000

Mill Street and Santa Rosa Street, Downtown San Luis Obispo

Four Bed, One Bath Home, 1,745 SFFormer Office

(per Assessor’s records)

Site Size 11,300 SF(per Assessor’s records)

Built 1928(per Assessor records)

Unreinforced Masonry Construction

One Floor

APN 002-314-026

ZoningO – Office

Ample Parking

Lease: Leased until June 30, 2019 at $3,300/Month to residential tenants



L o c a t i o n


OfficeNew Construction

Commenced


Subject Neighborhood(office construction across the street)



Preston Thomas, SIOROffice and Industrial SpecialistPreston Thomas, SIOR

Office and Industrial Specialist Information contained herein has been obtained from the owner of the property or from other sourcesdeemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Strengths

• The property is well-located steps to the San Luis Obispo Downtown core.

• Property can either be a residence or office. (Buyer to verify with City)

• There are very few parcels of this size with development potential this close to the Downtown core.

• Property can be rented as a student rental at good rents until a possible development plan is approved.

• San Luis Obispo, recently named the Happiest City in America, is located halfway between Los Angeles and San Francisco on historic Highway 1. A tourist destination, San Luis Obispo enjoys year-round sun, a warm Mediterranean marine climate, a world-class wine region (Edna Valley) and an award winning Downtown, all within a few miles of the ocean. A vibrant college town, San Luis Obispo is home to California Polytechnic University (Cal-Poly) with 20,000 +/- students and has one of the highest rates of college educated residents in the state.


Information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. The above strengths are Broker’s opinion only.

L o c a t i o n

S U B J E C T

D O W N T O W NS L O



D o w n t o w n L o c a t i o n


Information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

L o c a t i o n



san luis obispo, california...mill street and santa rosa street, downtown san luis obispo four bed,...

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