Listed by Preston Thomas, Colliers Tingey International Inc.,

712 720 Marsh Street

San Luis Obispo, CA, 93401

$2,900,000

$529 per ft²
$2,900,000
$529 per ft²
Active
Active
 - For Sale
carpenters-square
5,482 ft²
property_type
Commercial
calendar
Built 1936
Downtown SLO 100% leased investment opportunity. The Subject property offers +/- 5,483 SF of multi-tenant retail space in the Downtown core located on the high identity corner of Marsh Street and Broad Street and adjacent to the new Hotel Cerro. This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available. • “Gateway” location at the corner of Marsh Street and Broad Street • Downtown San Luis Obispo leased retail building • Great pedestrian traffic • Easy access to and from HWY 101 • Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing) • Proforma 4.95% Capitalization Rate
MLS® ID:
SC22127009
Listed:
6/12/22
Updated:
10/6/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
5,624 ft² lot
Lot Details
Paved

Other Property Details

Area Name
SLO - San Luis Obispo
Garage
No
Parking
N
View
N
County
San Luis Obispo
Water Source
Public
Pool
No
Zoning
C-D, Downtown Commercial

 

Courtesy of Colliers Tingey International Inc., Preston Thomas,
Listing Contact:  

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Data last updated 8:52 PM UTC, 10/6/22

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