Welcome to beautiful downtown San Luis Obispo! The City is known for its year-round downtown Farmer’s Market, Cal Poly University, and a desirable Mediterranean climate. Just minutes away are notable beach communities including Avila Beach, Pismo Beach, Los Osos and Morro Bay. Going north, residents enjoy access to the famous Paso Robles/Templeton wine country, and beyond that Lake Nacimiento, Monterey, Carmel, and the San Francisco Bay Area. Other famous establishments in the area include Cuesta College and the historic Hearst Castle in San Simeon.
The subject property is situated along Higuera Street which supports the City’s most vibrant downtown commercial corridor. Businesses on the property would benefit from exposure to a high number of travelers exiting the downtown core. In a mixed-use development, residential homes would benefit from the proximity to places of work, restaurants, shops, and a variety of services.
Nearby entertainment hubs include the Creamery Marketplace, featuring highly regarded restaurants such as Bear & the Wren, Goshi, and La Esquina. Newer luxury residential developments in the vicinity include Paseo Carmel and the Moderns on Marsh. Besides the amenities of the downtown, the property is close to the popular and breathtaking Cerro San Luis trail.
The property is zoned Commercial Retail (CR) and supports higher-density residential uses, as well as an array of commercial retail and service uses. With very few vacant commercial properties left in the downtown, this is a rare opportunity to imagine the newest addition to Downtown San Luis Obispo.
Call for more information, and verify uses with the City of San Luis Obispo. Property boundary is approximate. YouTube Link: https://www.youtube.com/watch?v=ITd5o8tYkME&t=1s
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Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/31/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/31/23 at 12:43 AM UTC
