3991 Higuera StSan Luis Obispo, CA 93401

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $797,600

  6.5%

  $736,247

  7%

  $683,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,458

  Geo Method

  $1,219,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,510,970

  Mixed-Use / Specialty

  $703,228

  Hospitality / Lodging

  $476,364

  Office

  $667,392

  Institutional / Educational

  $720,210

  Residential Income

  $842,646

  Multifamily

  $1,179,120

  Automotive / Energy

  $617,323

  Parking / Income-Based Land

  $243,060

  Restaurant / Food Service

  $300,887

  Healthcare / Senior Housing

  $752,315

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

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