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
Visits
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021 2:03 PM UTC 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.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
