197 Suburban RdSan Luis Obispo, CA 93401

Property Details for 197 Suburban Rd

Lot size

7.29 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 7.29-acre parcel presents a rare opportunity in San Luis Obispo, California. Located at 197 Suburban Road (APN 053258025), this level, rectangular lot boasts highly desirable M-SP zoning, allowing for a wide range of commercial uses not permitted in other city zones. Potential development options include mini-storage facilities, warehouse/industrial spaces, single-tenant owner-user buildings, or subdivision into smaller commercial lots. The property's strategic location offers easy freeway access, enhancing its appeal and potential for significant return on investment. The land value is $21.72 per square foot, totaling an asking price of $6,900,000. This is the largest remaining M-zoned parcel within the city limits, making it a truly unique and sought-after investment. The seller may consider carrying back a first trust deed, offering flexible financing options for qualified buyers. This prime commercial land presents an unparalleled chance to capitalize on San Luis Obispo's thriving economy and limited availability of M-zoned properties. Don't miss this exceptional opportunity to acquire a significant commercial land holding in a highly desirable location.

Location Insight

City

San Luis Obispo

County

San Luis Obispo

State

California

Latitude

35.244

Longitude

-120.668

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].