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$ 3,465,000
Est. payment | /mo
7,492 Sqft Lot
$ 3,465,000
Est. payment | /mo
7,492 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI26092891
HOA Y/N No
Annual Tax Amount $2,734
Tax Year 2025
Lot Size 7,492 Sqft
Property Sub-Type Mixed Use
Property Description
Located at Higuera and Chorro Streets—the true epicenter of Downtown San Luis Obispo's primary commercial corridor—this ±7,492 SF two-story mixed-use asset blends office and retail uses to create strong in-place income and tenant synergy. Surrounded by premier shopping, dining, and the Thursday night Farmers' Market, and just steps from Mission San Luis Obispo and Cal Poly's HotHouse innovation hub, the property benefits from consistent tourism, student activity, and daily foot traffic. Offered at $3,465,000 (4.88% cap rate), the asset provides stable cash flow with long-term upside in a tightly held market with limited inventory—an exceptional opportunity to secure a high-profile downtown SLO investment.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Tax ID 022426004
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Jay Peet Radius Group Commercial R.E. jay@totalrea.com, DRE #01779282
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