1042 Olive Street

San Luis Obispo, CA 93405 $160,000.00 (-9.7%) Active for $1,490,000

Overview
Map & Location
Median Values
Schools & Score
Property History
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Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 22,500 sqft

Property Facts

MLS	SC24148702
Year Built
Property Type	Unimproved Land
County	San Luis Obispo
Status	Active
Active	$1,490,000
Structure Size	N/A sqft
Lot Size	22,500 sqft
Beds	N/A
Baths	N/A

Description

Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted studio units, 10 open market two bedroom, two bath units and 2 penthouse units featuring two beds, two and a half bathrooms and generous living spaces. The final map is under review and then permits are ready to be pulled - what are you waiting for?

Listing information courtesy of: Matt Sansone, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.