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Prime retail / office property in downtown San Luis Obispo on Marsh Street near Santa Rosa priced at a 4.7% CAP. In the heart of all the new retail, hotel, residential development. Ground floor is leased to a long-term tenant at $2,100 / month with annual increases through 2020. It's approximately 1,300 sq. ft. The upstairs space of 1,300 sq ft is Tattoo Artistry who just signed a five year lease starting at $2,100 / month. $100 per month annual rent increases. The current owner completely re-built this property in 1985 including new plumbing, electrical, etc. See attached brochure for income details. Modified Gross leases where tenants pay all utilities and fire sprinkler fees and owner pays property taxes and insurance.

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thought you might be interested in the following property:

1027 Marsh Street

San Luis Obispo, CA 93401

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1027 Marsh Street

San Luis Obispo, CA 93401

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1027 Marsh Street

San Luis Obispo, CA 93401

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1027 Marsh Street

San Luis Obispo, CA 93401

$895,000

Listed On 09/12/2018

Status: Active

2,640 Square Feet

Listing #SP18223404 (CRMLS MLS)

LONDON PROPERTIES, LTD.

REALTOR® / Lic. #00463722

559.436.4071

info@londonproperties.com

Presented By:

London Properties, Ltd.

(559) 436-4071

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1027 Marsh Street

San Luis Obispo, CA 93401

1027 Marsh Street

San Luis Obispo, CA 93401

[GET DIRECTIONS]


Presented By:

London Properties, Ltd.

(559) 436-4071

Email London

Presented By:

London Properties, Ltd.

(559) 436-4071

Email London

$895,000 2,640 Square Feet Status: Active Listing #SP18223404 (CRMLS MLS) Listed On 09/12/2018

Prime retail / office property in downtown San Luis Obispo on Marsh Street near Santa Rosa priced at a 4.7% CAP. In the heart of all the new retail, hotel, residential development. Ground floor is leased to a long-term tenant at $2,100 / month with annual increases through 2020. It's approximately 1,300 sq. ft. The upstairs space of 1,300 sq ft is Tattoo Artistry who just signed a five year lease starting at $2,100 / month. $100 per month annual rent increases. The current owner completely re-built this property in 1985 including new plumbing, electrical, etc. See attached brochure for income details. Modified Gross leases where tenants pay all utilities and fire sprinkler fees and owner pays property taxes and insurance.
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General Information
Property Type Commercial Sale Property Subtype(s) Retail
Price Per Sq. Ft. $339.02 Days On Market 93
APN 002 443 015 Year Built 1953
County San Luis Obispo Water Source Public
Directions On Marsh just south of Santa Rosa    
Property Type Commercial Sale
Property Subtype(s) Retail
Price Per Sq. Ft. $339.02
Days On Market 93
APN 002 443 015
Year Built 1953
County San Luis Obispo
Water Source Public
Directions On Marsh just south of Santa Rosa

Nearby Amenities

Restaurants

Groceries

Nightlife

Shopping

Arts & Entertainment


Interior
Heating / Cooling Forced Air / Central    
Heating / Cooling Forced Air / Central

Exterior
Spa No Pool No
Spa No
Pool No

Miscellaneous Data
REO/Bank Owned No Gross Scheduled Income $54,000.00
Net Operating Income $42,000.00    
REO/Bank Owned No
Gross Scheduled Income $54,000.00
Net Operating Income $42,000.00

Courtesy of Guy Torelli, Torelli Investment Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

 

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