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    3229 Broad

    San Luis Obispo, CA 93401
    • $3,275,000
    • STATUS: Active
    • ON SITE: 239 days
    • ID#: SC19258600
    UPDATED: 54 min ago
    $3,275,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,500
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-02T15:31:00.937. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/100573196
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    3229 Broad San Luis Obispo, CA 93401

    • Price: $3,275,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SC19258600
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    8,500
    SQFT
    $385
    $/SQFT
    Neighborhood:
    SLO - San Luis Obispo
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    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.
    Exterior Features

    Construction Materials OtherSteelStucco Lot Features Level With StreetLot 10000-19999 SqftRectangular Lot Lot Size Dimensions 25000 Lot Size Source Estimated Lot Size Units Square Feet Parking Total 18.00 Roof Metal Topography Level

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features Gas & Electric Dryer HookupInside

    Property Features

    Additional Parcels YN No Asset Class Multi-FamilyOffice Building Area Units Square Feet Building Status Existing Cap Rate 5.00 Country Us Investment Property YN Yes Land Use Multi-FamilyOfficeRetail Laundry YN Yes Leasable Area Units Square Feet Lot Dimensions Source Estimated Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 8 Property Sub Type Mixed Use Retail Center Type Mixed Use Security Features Fire Sprinkler System Special Listing Conditions Standard Utilities Cable AvailableElectricity AvailablePhone AvailableSewer ConnectedWater Connected Water Source Public

    Listing provided courtesy of Craig Losee of Central Commercial Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-02T15:31:00.937. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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