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Elite Real Estate Group
info@elitereg805.com$4,600,000
Est. payment /mo
1.1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC26025867
HOA Y/N No
Lot Size 1.100 Acres
Property Sub-Type Multi Family
Property Description
Prime Infill Opportunity in Downtown San Luis Obispo.
One of the last largest remaining infill sites in Downtown SLO.
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately.
» Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
» Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
» City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
» High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
» Possibility for Assisted Living.
One of the last largest remaining infill sites in Downtown SLO.
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately.
» Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
» Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
» City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
» High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
» Possibility for Assisted Living.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot, Lot Over 40000 Sqft
Story 4
Water Public
Others
Tax ID 002505005
Special Listing Condition Standard
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Listed by Preston Thomas Colliers Tingey International Inc. preston.h.thomas@colliers.com, DRE #01378821
Nearby Schools & Businesses
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Elite Real Estate Group
Team