3229 Broad, San Luis Obispo, CA 93401

$3,275,000
8,500
SqFt
List Price
$3,275,000
Status
ACTIVE
MLS#
SC19258600
Living Sq. Ft
8,500
Days on Market
11
Property Type
Commercial
Property Sub Type
Mixed Use

Property 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.

Additional Information

Lot Description
Fire Sprinkler System
Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air
Roof
Metal
Water
Public
Total Number of Units
11

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Craig Losee from Central Commercial Group

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.