Welcome or Register
Sold for $2,100,000 Sold

668 Marsh Street
San Luis Obispo, CA 93401


7,000 sq ft

Commercial: Mixed Use - MLS# SP18048296
Property Photo

Sold

Sold for $2,100,000 on Mar 15, 2019

Description

Repositioning Opportunity in the prime part of Downtown San Luis Obispo. 4.5% CAP on current income. Owner has an LOI from Verizon for a cell tower which adds $1,500 / month net. Cell Tower lease in negotiation and new buyer can determine if they want it or not. Takken Shoes (ground floor) pays $6,600 per month in 2019 and the upstairs executive 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.

Features

  • Property Type: Commercial
  • Sub Type: Mixed Use
  • Listing Status: Closed
  • Listing Price: $2,200,000
  • Zip Code: 93401
  • Year Built: 1987
  • Sq.Ft.: 7,000 sq ft
  • Area: SLO - San Luis Obispo
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Cap Rate: 6.00
  • Condo Area Units: Square Feet
  • Country: US
  • Directions: Marsh & Broad in Downtown SLO
  • Investment Property YN: Yes
  • Listing Agent License: 00666517
  • Listing Office License: 00666517
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Parking Total: 6.00
  • Selling Agent: Levi Seligman
  • Selling Agent License: 01936432
  • Selling Office: Acquire Mortgage & Real Estate
  • Selling Office License: 01949224
  • Stories Total: 2
  • Uncovered Spaces: 6.00
  • Water Source: Public
  • Sold Date: 2019-03-15 00:00:00
  • Sold Price: 2100000.00
Courtesy of Torelli Investment Realty, Guy Torelli

and our Morro Bay Affiliate & second location

Morro Bay Real Estate Partner

San Luis Obispo Realty
805-544-9161
info@san-luis-obispo-realty.com
441 Marsh Street
San Luis Obispo, CA 93401

CA BRE# 00577121

 

Dont Miss a New Listing Again!

Already registered? Login
FREE AUTOMATED EMAIL UPDATES

Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

*Contact Information NOT Shared*

 

Quick Search


view all


Any

Any

No Min.

No Max.

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu