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.
Listing courtesy of Craig Losee from Central Commercial Group
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