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668 Marsh San Luis Obispo, CA

$2,450,000

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Property Description

Repositioning Opportunity in the prime part of Downtown San Luis Obispo. 4.5% CAP on current income, which includes $1,500 / month NNN from a cell tower lease from a major wireless company currently being negotiated by the owner. Takken Shoes (ground floor) pays $6,300 per month and the upstairs offices rent for $4,500 monthly.

Almost 5,000 new residential homes are currently being built or in the approval process within a 2.5 mile radius of Marsh Street. Attached brochure has the details of the downtown development surrounding this property and financial analysis. Current owner built this property in 1987.

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Property Information

  • Address: 668 Marsh, San Luis Obispo, CA 93401. 
  • Price: $2,450,000 
  • MLS #: SP18048296 
  • Year Built: 1987 
  • Listing Courtesy of: Torelli Investment Realty 
  • City: San Luis Obispo 
  • Postal Code: 93401 
  • County: San Luis Obispo 

Other

  • Description: Repositioning Opportunity in the prime part of Downtown San Luis Obispo. 4.5% CAP on current income, which includes $1,500 / month NNN from a cell tower lease from a major wireless company currently being negotiated by the owner. Takken Shoes (ground floor) pays $6,300 per month and the upstairs offices rent for $4,500 monthly.

    Almost 5,000 new residential homes are currently being built or in the approval process within a 2.5 mile radius of Marsh Street. Attached brochure has the details of the downtown development surrounding this property and financial analysis. Current owner built this property in 1987. 
  • List Date: March 1, 2018 
  • Status: Active 
  • Directions: Marsh & Broad in Downtown SLO 

Other

  • Listing Agent State License: 00666517 
  • Listing Office State License: 00666517 

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Based on information from California Regional Multiple Listing Service, Inc. as of September 24th, 2018 at 13:28:41PM 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.