$3,795,000

1109 Kendall Road

San Luis Obispo CA, 93401

Description

Unimproved commercial parcel. Currently showing 3 separate parcels with 3 separate APN's. Lot line adjustments have reconfigured the parcels to be 2 parcels - corner parcel at 2.53 gross acres and interior parcel at 1.5 gross acres. Owner in process of trying to get the parcel map corrected with the County of SLO. Property is currently in the County of SLO, with annexing into the City of SLO currently in process. Check allowed uses with both depending on time frame to develop. Currently approved entitlements for building (attached file) is for a 2 story office use building consisting of 45291 square feet and parking ratio at 5 per 1000 feet. CS zoning allows for different uses in the County versus the City of SLO. Broker/Owner will consider options - build to suit, build and partial sale to a user, carry partial note with substantial down, build for a tenant to lease and future sale, etc. Broker/owner is open to other considerations and uses (if approved by the County or City of SLO - depending on final annexation). Property is owned F/C and can finance building of this project for an end user. Submit any requests for sellers consideration. Sale of both properties must be contingent on Seller finding a replacement property and completing a 1031 exchange. Details in private remarks for Brokers.

Details

MLS#SP20117175
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site130

Features

ZoningCS
Acreage4.03
Property ViewYes

Market Activity 93401

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Area Information
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO - San Luis Obispo
Listing VS Median (in 93401)
Price:
$3,795,000
low | high
Med:
$409,950
100% of Average
On Site:
130
low | high
Med:
41.5
100% of Average
Listing Updated: 10/24/2020
Louie Gregorio LogoMLS Number: SP20117175
Listing Provided By:
Louie Gregorio  of  Gregorio Louie - Broker
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