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.
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.