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4785 Morabito San Luis Obispo, CA

$2,375,000

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Property Description

One of the few remaining unimproved finished parcels in the East Airport Development. Corner parcel with great visibility. Across from Rosetta and the new People Self Help Housing office building – currently under construction. Property is in the county of San Luis Obispo, with a City of San Luis Obispo annexation in process. Current zoning is CS and will remain CS upon the city annexation taking place – which will allow additional uses including some medical and additional building density. All of this to be verified by buyer during the buyer’s due diligence period. Parcel can be sold with the adjoining parcel – APN 076-512-033 – 4805 Morabito Place. Pricing of $3,795,000.00 for a buyer purchasing both parcels and closing at the same time. Broker is owner of this parcel and is representing himself in the sale. Owner will consider other options – build to suit, lease with option to purchase, land lease, JV, seller note carry, etc. Any sale will be contingent on the owner finding a 1031 exchange replacement property and completing the due diligence of that property prior to releasing Owner’s 1031 contingency. Current entitlements are for an 45291 foot office building, which includes both parcels totaling 4.03 acres.

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Property Information

  • Address: 4785 Morabito, San Luis Obispo, CA 93401. 
  • Price: $2,375,000 
  • MLS #: SP20191319 
  • Listing Courtesy of: Gregorio, Louie - Broker 
  • City: San Luis Obispo 
  • Postal Code: 93401 
  • County: San Luis Obispo 

Amenities

  • Cooling: None 
  • Heat Source: None 

Other

  • Description: One of the few remaining unimproved finished parcels in the East Airport Development. Corner parcel with great visibility. Across from Rosetta and the new People Self Help Housing office building - currently under construction. Property is in the county of San Luis Obispo, with a City of San Luis Obispo annexation in process. Current zoning is CS and will remain CS upon the city annexation taking place - which will allow additional uses including some medical and additional building density. All of this to be verified by buyer during the buyer's due diligence period. Parcel can be sold with the adjoining parcel - APN 076-512-033 - 4805 Morabito Place. Pricing of $3,795,000.00 for a buyer purchasing both parcels and closing at the same time. Broker is owner of this parcel and is representing himself in the sale. Owner will consider other options - build to suit, lease with option to purchase, land lease, JV, seller note carry, etc. Any sale will be contingent on the owner finding a 1031 exchange replacement property and completing the due diligence of that property prior to releasing Owner's 1031 contingency. Current entitlements are for an 45291 foot office building, which includes both parcels totaling 4.03 acres. 
  • List Date: September 14, 2020 
  • Status: Pending 
  • Directions: Left on Kendall off Broad Street - Directly east of the Airport 

Other

  • Listing Agent State License: 00862997 
  • Listing Office State License: 00862997 

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Based on information from California Regional Multiple Listing Service, Inc. as of May 22nd, 2022 at 14:15:33PM 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.