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1531 Monterey San Luis Obispo, CA

$1,395,500

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Property Description

Here is a rare opportunity to own this beautiful and iconic art deco building and an established business in San Luis Obispo. This unique commercial/residential building is situated in the uptown area of Monterey Street at the foot of one of San Luis Obispo’s hotel zones, and near Cal Poly with convenient access to California Highways 1 and 101. Both units of this iconic building are owner occupied. They live in the 858 sf 2bd/1ba residential unit on the second level replete with a 468 sf deck that hosts a large BBQ and hot tub which are both included in the sale.

They have also owned and operated the business in the 2150 sf ground level commercial unit for the past 18 years, The Steynberg Gallery – a cafe/coffeehouse/wine & beer bar/art gallery & fine music venue. This business is included in the sale price.

The Owners have decided to retire and move out of state, so Buyer must cooperate in a 1031 exchange and the closing dtae is subject to the Seller finding a suitable replacement property.

Bring any reasonable offer!

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Property Information

  • Address: 1531 Monterey, San Luis Obispo, CA 93401. 
  • Price: $1,395,500 
  • MLS #: PI17060802 
  • Listing Courtesy of: Burnes Commercial Group 
  • City: San Luis Obispo 
  • Postal Code: 93401 
  • County: San Luis Obispo 

Other

  • Description: Here is a rare opportunity to own this beautiful and iconic art deco building and an established business in San Luis Obispo. This unique commercial/residential building is situated in the uptown area of Monterey Street at the foot of one of San Luis Obispo’s hotel zones, and near Cal Poly with convenient access to California Highways 1 and 101. Both units of this iconic building are owner occupied. They live in the 858 sf 2bd/1ba residential unit on the second level replete with a 468 sf deck that hosts a large BBQ and hot tub which are both included in the sale.

    They have also owned and operated the business in the 2150 sf ground level commercial unit for the past 18 years, The Steynberg Gallery - a cafe/coffeehouse/wine & beer bar/art gallery & fine music venue. This business is included in the sale price.

    The Owners have decided to retire and move out of state, so Buyer must cooperate in a 1031 exchange and the closing dtae is subject to the Seller finding a suitable replacement property.

    Bring any reasonable offer! 
  • List Date: February 23, 2017 
  • Status: Pending 
  • Directions: Just north of California Blvd on Monterey St 

Other

  • Office ID: 117132 

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Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2017 at 13:33:03PM UTC. 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.