712 720 Marsh Street, San Luis Obispo, CA 93401

$2,900,000
List Price
$2,900,000
Status
ACTIVE
MLS#
SC22127009
Year Built
1936
Lot Size
5,624
Acres
0.1291
Lot Location
Paved
Days on Market
61
Property Type
Commercial
Property Sub Type
Retail

Property Description

Downtown SLO 100% leased investment opportunity. The Subject property offers +/- 5,483 SF of multi-tenant retail space in the Downtown core located on the high identity corner of Marsh Street and Broad Street and adjacent to the new Hotel Cerro. This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available. • “Gateway” location at the corner of Marsh Street and Broad Street • Downtown San Luis Obispo leased retail building • Great pedestrian traffic • Easy access to and from HWY 101 • Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing) • Proforma 4.95% Capitalization Rate

Additional Information

Water
Public
Attached Structure
Detached

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Listing courtesy of Listing Agent: Preston Thomas from Listing Office: Colliers Tingey International Inc.

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