197 Suburban RdSan Luis Obispo, CA 93401

Property Details for 197 Suburban Rd

Lot size

7.29 AC

Property type

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

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