1042 Olive Street, San Luis Obispo, CA 93405

$1,550,000
List Price
$1,550,000
Status
ACTIVE
MLS#
SP18140452
Lot Size
22,500
Lot Location
Lot 20000-39999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat
Days on Market
131
Property Type
Land
Neighborhood
San Luis Obispo(380)

Property Description

Here is your opportunity to purchase a fully entitled mixed use hotel facility. This property currently includes 17 extended stay units and first floor commercial space on approximately one half acre of commercial-tourist zoned space in downtown San Luis Obispo. While the property was approved as an extended stay facility, existing zoning also allows the project to be built as six salable loft units, plus 11 extended-stay hotel units, and ground floor commercial lease space. This and other alternative uses may be explored at the Buyer's expense with the City. 22,499 square feet of undeveloped land near Downtown San Luis Obispo, Cal Poly, and Highway 101.

Additional Information

Lot Description
Sidewalks, Storm Drains, Street Lighting
View
City Lights
Water
Private

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Matt Sansone from Central Coast Realty 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.