1109 Kendall Road, San Luis Obispo, 93401

REDUCED 3% Commercial - Office For Sale

$4,250,000

Beds
Baths
Sqft
4.03Acres
Built
42DOM
MLS® #: SP20078936
Active, 42 Days on Market

Unimproved commercial parcel. Currently showing 3 separate parcels with 3 separate APN's. Lot line adjustments have reconfigured the parcels to be 2 parcels - corner parcel at 2.53 gross acres and interior parcel at 1.5 gross acres. Owner in process of trying to get the parcel map corrected with the County of SLO. Property is currently in the County of SLO, with annexing into the City of SLO currently in process. Check allowed uses with both depending on time frame to develop. Currently approved entitlements for building (attached file) is for a 2 story office use building consisting of 45291 square feet and parking ratio at 5 per 1000 feet. CS zoning allows for different uses in the County versus the City of SLO. Broker/Owner will consider options - build to suit, build and partial sale to a user, carry partial note with substantial down, build for a tenant to lease and future sale, etc. Broker/owner is open to other considerations and uses (if approved by the County or City of SLO - depending on final annexation). Property is owned F/C and can finance building of this project for an end user. Submit any requests for sellers consideration. Sale of both properties must be contingent on Seller finding a replacement property and completing a 1031 exchange. Details in private remarks for Brokers.

Essential Information

MLS® #: SP20078936
Price: $4,250,000
Acres: 4.03
Type: Commercial
Sub-Type: Office
Status: Active

Community Information

Address: 1109 Kendall Road
Area: San Luis Obispo (SLO)
City: San Luis Obispo
County: San Luis Obispo
State: CA
Zip Code: 93401

Amenities

Utilities: Electricity Available, Natural Gas Available, Telephone - In Street, Sewer Available, Underground Utilities, Water Available

Exterior

Lot Description: 2-5 Units/Acre, Corner Lot, Level with Street

Additional Information

Date Listed: April 24th, 2020
Days on Market: 42
Zoning: CS

Listing Details

Listing Agent: Louie Gregorio(00862997)
Listing Office: Gregorio, Louie - Broker

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Listing information last updated on June 5th, 2020 at 6:00pm PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of June 5th, 2020 at 6:07pm PDT. 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.