$1,450,000

4805 Morabito Place

San Luis Obispo CA, 93401

Description

One of the few remaining unimproved finished parcels in the East Airport Development. Corner parcel with great visibility. Across from Rosetta and and next to Cloud. Property is in the county of San Luis Obispo, with a City of San Luis Obispo annexation in process. Current zoning is CS and will remain CS upon the city annexation taking place - which will allow additional uses including some medical and additional building density. All of this to be verified by buyer during the buyer's due diligence period. Parcel can be sold with the adjoining parcel - APN 076-512-044 - 4785 Morabito Place. Pricing of $3,795,000.00 for a buyer purchasing both parcels and closing at the same time. Broker is owner of this parcel and is representing himself in the sale. Owner will consider other options - build to suit, lease with option to purchase, land lease, JV, seller note carry, etc. Any sale will be contingent on the owner finding a 1031 exchange replacement property and completing the due diligence of that property prior to releasing Owner's 1031 contingency. Current entitlements are for an 45291 foot office building, which includes both parcels totaling 4.03 acres.

Details

MLS#SP20191347
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site78

Features

ZoningC-S

Market Activity 93401

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Area Information
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO - San Luis Obispo
Listing VS Median (in 93401)
Price:
$1,450,000
low | high
Med:
$389,000
100% of Average
On Site:
78
low | high
Med:
24
100% of Average
Listing Updated: November 30, 2020 10:49:35 PM PST
Louie Gregorio LogoMLS Number: SP20191347
Listing Provided By:
Louie Gregorio  of  Gregorio Louie - Broker
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