$3,125,000

3229 Broad

San Luis Obispo CA, 93401

Description

Location and exposure. Stand alone commercial building and 8 apartments ready for a new owner in San Luis Obispo. The commercial/retail space can be demised into 6 "FOR SALE" condos, thus adding VALUE. This location would be ideal for for engineers,architects,legal, real estate or other professional service companies. Sale includes both properties being subdivided. New Buyer can close prior to map recording or after map records. All 8 apartments are part of inclusionary housing program in the City of San Luis Obispo. The commercial units are not part of the housing element. New updated information. The Commercial building is being re- entitled into Commercial Condos by Seller. The new entitlements will include up to 6 MARKET RATE commercial condos. Great income producer to new Buyer. Subdivision map to record in approximately 30 days. Buyer to confirm all aspects of Condo and Subdivision Map at City of San Luis Obispo Planning Dept. Property will record before 12/15/19 as a new APN. Subdivision map will record to create two parcels. One parcel will be the commercial condo, as described. The second APN will have 8 apartments.

Details

MLS#SC19258600
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Days On Site351

Features

SQ Feet8,500
Story(s)2
Units11

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:
$3,125,000
low | high
Med:
$379,000
100% of Average
SqFt:
8,500
low | high
Med:
966
100% of Average
$ / SqFt:
$368
low | high
Med:
$392
43.283643892339% of Average
On Site:
351
low | high
Med:
16
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 6,000 - 10,500
Nearby Listings Property ImageNearby Listings Details
3050 Broad Street #101 Property Photo - San Luis Obispo, CA real estate listing
$0
3050 Broad Street #101
San Luis Obispo, CA 93401
Listing Updated: 10/20/2020
Craig Losee LogoMLS Number: SC19258600
Listing Provided By:
Craig Losee  of  Central Commercial Group
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.