New Construction - Seller Financing - Lease to Own
Address
4785 Morabito Place San Luis Obispo, CA
Price
$ 2,375,000
Property Attributes
  • MLS#SP20191319
  • TypeLand
  • CountySAN LUIS OBISPO
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • Zip93401
  • StyleUnimproved Land
  • Price$ 2,375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.53 Acres
Listing Provided Courtesy Of:
Louie Gregorio with Gregorio, Louie - Broker.
Data Source:
CRMLS
Property Description

One of the few remaining unimproved finished parcels in the East Airport Development. Corner parcel with great visibility. Across from Rosetta and the new People Self Help Housing office building - currently under construction. 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 076-512-033 - 4805 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.

Price History
9/14/2020 Listed $2,650,000
10/23/2020 8% - $2,450,000
12/7/2020 4% - $2,375,000

General Features

Cooling None
Heating None
MLS Area SLO - San Luis Obispo
Property SubType Unimproved Land
Property Type Commercial Sale
Roof None
Terms Cash, 1031 Exchange, Owner Will Carry
Utilities Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Zoning C-S

Interior Features

Laundry Features None

Exterior Features

Fencing None
Lot Features Corner Lot, Lot Over 40000 Sqft, Level, Street Level
Lot Size Acres 2.53
Lot Size Area 110206
Lot Size Square Feet 110206
Lot Size Units Square Feet
Water Source Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93401

Price
AVG $2.11M
$2.38M
Visits
AVG 64
88
Walkscore
AVG 34
16
Data Provided by Walkscore ® not using MLS data

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