$ 1,490,000
1042 Olive ST San Luis Obispo, CA 93405
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$ 1,490,000
Est. payment | /mo
0.52 Acres Lot
$ 1,490,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24171845
HOA Y/N No
Lot Size 0.516 Acres
Property Description
Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted studio units, 10 open market two bedroom, two bath units and 2 penthouse units featuring two beds, two and a half bathrooms and generous living spaces. The final map is under review and then permits are ready to be pulled - what are you waiting for?
Location
State CA
County San Luis Obispo
Area 699 - Not Defined
Zoning CT
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description 31-35 Units/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 001112006
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Matt Sansone • Compass • Matt@MattSansone.com