For Sale
$7,995,000

400 Prado Rd San Luis Obispo, CA 93401

Prime San Luis Obispo Commercial Land

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 11-net-acre commercial subdivision in San Luis Obispo, CA (APN 053-441-009), presents a rare turnkey opportunity. Zoned BP - Business Park, this approved 6-lot tract allows for a wide array of uses, making it ideal for developers seeking a fast-track project. Construction documents are complete, and lot lines are adjustable to meet specific needs. The property boasts a significant advantage: building density and size allowances are 1.55 times greater than comparable lots in other popular San Luis Obispo locations, with maximum building heights reaching 36 feet. Adding further value, the front two parcels have current city approvals for 49,000 square feet of medical office space, with the majority of shell building construction documents already finalized. This is a unique chance to acquire a fully permitted commercial tract in a highly desirable location, eliminating the typical decade-long approval process. Located at 400 Prado Rd, San Luis Obispo, CA 93401, this $7,995,000 property offers unparalleled potential for immediate development and significant return on investment. The property's strategic location and flexible zoning make it an exceptional addition to any commercial portfolio.

Highlights

  • 11-acre commercial subdivision in San Luis Obispo, CA (APN 053-441-009), ready for immediate development.
  • Building density and size allowances are 1.55 times greater than comparable sites, with maximum building heights of 36 feet.
  • Approved for 49,000 square feet of medical office space; majority of shell building construction documents are complete.

Property Details for 400 Prado Rd

Property type
Land

Location Insight

City
San Luis Obispo
County
San Luis Obispo
State
California
Latitude
35.252279
Longitude
-120.663292

FAQs

What type of property is this?
Land - Prime San Luis Obispo Commercial Land
Where is the land located?
The property is located at 400 Prado Rd San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: 11-acre commercial subdivision in San Luis Obispo, CA (APN 053-441-009), ready for immediate development.; Building density and size allowances are 1.55 times greater than comparable sites, with maximum building heights of 36 feet.; Approved for 49,000 square feet of medical office space; majority of shell building construction documents are complete.
How can I contact the broker?
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400 Prado Rd
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