$3,795,000

1109 Kendall Road

San Luis Obispo CA, 93401

Description

Unimproved commercial parcel. Lot line adjustments have reconfigured the parcels to be 2 parcels (Current map attached) - corner parcel at 2.53 gross acres and interior parcel at 1.5 gross acres. Owner in process of trying to get the parcel map corrected with the County of SLO. Property is currently in the County of SLO, with annexing into the City of SLO currently in process. Check allowed uses with both depending on time frame to develop. Currently approved entitlements for building (attached file) is for a 2 story office use building consisting of 45291 square feet and parking ratio at 5 per 1000 feet. CS zoning allows for different uses in the County versus the City of SLO. Broker/Owner will consider options - build to suit, build and partial sale to a user, carry partial note with substantial down, build for a tenant to lease and future sale, etc. Broker/owner is open to other considerations and uses (if approved by the County or City of SLO - depending on final annexation). Property is owned F/C and can finance building of this project for an end user. Submit any requests for sellers consideration. Sale of both properties must be contingent on Seller finding a replacement property and completing a 1031 exchange. Details in private remarks for Brokers.

Details

MLS#SP20078936
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site152

Features

SQ Feet45,291
ZoningCS

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:
$3,795,000
low | high
Med:
$449,500
100% of Average
SqFt:
45,291
low | high
Med:
755
100% of Average
$ / SqFt:
$84
low | high
Med:
$625
100% of Average
On Site:
152
low | high
Med:
193.5
78.552971576227% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 33,500 - 56,500
Nearby Listings Property ImageNearby Listings Details
1146 Farmhouse Lane Property Photo - San Luis Obispo, CA real estate listing
$0
1146 Farmhouse Lane
San Luis Obispo, CA 93401
Listing Updated: 09/22/2020
Louie Gregorio LogoMLS Number: SP20078936
Listing Provided By:
Louie Gregorio  of  Gregorio Louie - Broker
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.