1531 Monterey Street, San Luis Obispo, CA 93401

$1,595,000
List Price
$1,595,000
Status
ACTIVE UNDER CONTRACT
MLS#
SC21132157
Year Built
1941
Lot Size
6,528
Acres
0.15
Lot Location
Item25UnitsAcre
Days on Market
215
Property Type
Commercial
Property Sub Type
Retail

Property Description

A truly unique art deco mixed-use building located in the heart of San Luis Obispo. The upstairs consists of an immaculate, fully furnished 2 bedroom flat with an expansive outdoor patio, while the ground floor consists of an approximately 2,000 SF commercial space with high ceilings. The ground floor has most recently functioned as a café, art gallery, and performance space. All furnishings and fixtures in the upstairs residence will be included. Each item in the apartment was meticulously chosen to comport with the art-deco architecture. Amenities include custom tile and plumbing fixtures, dimmable lights, and refinished hardwood floors. The residence is a licensed vacation rental with continuous bookings, rave reviews, and super-host status. It can continue to function as a vacation rental or be used as a full-time residence. The property is zoned C-T (Tourist Commercial) which allows for an assortment of retail and hospitality uses on the ground floor. There are conceptual plans to remodel the ground floor into three large hotel suites with a lobby and reception area, if so desired by a new owner. Other options include continuing to use the space as a café, art gallery, or retail space.

Additional Information

Water
Public
Attached Structure
Detached

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Listing courtesy of Listing Agent: Derek Senn from Listing Office: Anderson Commercial RE Service

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.