3991 Higuera StSan Luis Obispo, CA 93401

  • Retail properties
  • 4,500 SF
For Lease
$45/SF/YR View listing

Property Details for 3991 Higuera St

Year built
2004
Construction
TILT-UP CONCRETE
Lot size
0.42 AC
Property size (Sq ft)
4,500 SF
Zone code
CC
Property type
Retail properties
Property subtype
Super regional malls
APN
053-257-001
APU
53257001

Description

This exceptional Class A retail property, located at 3991 S Higuera St, San Luis Obispo, CA 93401, offers a prominent corner location within a two-grocery anchored shopping center. Boasting excellent visibility from Higuera Street, a major thoroughfare leading to and from downtown San Luis Obispo, this freestanding building provides unparalleled access to a high volume of traffic. The 4,500 square foot building, constructed in 2004, is currently divided into two separate spaces: approximately 2,800 square feet and 1,700 square feet. Each space includes its own set of ADA-compliant restrooms, offering convenience and accessibility for tenants and customers. The property is highly versatile, allowing for either individual occupancy of the existing spaces or a combined lease of the entire 4,500 square feet. Previously occupied by a bank, this space presents a unique opportunity for a variety of retail businesses seeking a high-profile location in a thriving San Luis Obispo County market. The minimum leasable space is 1,700 square feet, making it ideal for businesses of various sizes. This property is situated in a well-established shopping center, ensuring high foot traffic and strong visibility. The cross street is Suburban St, further enhancing its accessibility and prominence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $937,784
    6.5%
    $865,647
    7%
    $803,815
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,505,841
    Geo Method
    $2,954,018
  • Alternative Use

    Use
    Valuation
    Residential
    $730,206
    Hospitality
    $668,864
    Educational
    $556,487
    Medical
    $575,626
    Retail
    $865,647
3991 Higuera St, San Luis Obispo, California

Location Insight

City
San Luis Obispo
County
San Luis Obispo
State
California
Latitude
35.2443
Longitude
-120.675
CBSA code
42020
CBSA name
SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$25,418
$1,300,000
$1,000,000
$2,300,000
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-
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