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$3,600,000
920 Olive St, San Luis Obispo, CA 93405
0 Beds
0 Baths
8,737 sqft

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Location. Location. Location, sitting on over an acre of prime San Luis Obispo Real Estate, with sweeping views of the surrounding hillsides. Just minutes from beautiful downtown San Luis Obispo, with an array of restaurants, festivals, shopping, farmers markets, wineries and tourist attractions including all the local beaches. This established Motel offers a total of 18 furnished rooms, an abundance of parking, coin laundry, swimming pool, and a manager’s unit. Potential abounds, check with the City of San Luis Obispo for expansion options of up to 80 units on this oversized lot
  • Price:
  • $3,600,000
  • Square Footage:
  • 8,737
  • Acreage:
  • 1.18
  • Year Built:
  • 1961
  • Listing ID #:
  • NS19030998
  • Street Address:
  • 920 Olive St
  • City:
  • San Luis Obispo
  • State:
  • California
  • Postal Code:
  • 93405
  • County:
  • San Luis Obispo
  • Community:
  • San Luis Obispo
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Security:
  • Resident Manager, Smoke Detector(s), Security Lights
  • Construction Description:
  • Brick, Stucco, Wood Siding
  • Other Buildings:
  • Living Quarters
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 8737
  • Type Of Roof:
  • Composition
  • Year Built:
  • 1961
  • Business Type:
  • Hotel/Motel
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Features:
  • Corner Lot, Lot Over 40000 Sqft, Level
  • Lot Size:
  • 51355
  • Lot Square Footage:
  • 51355
  • Days On Market:
  • 253
  • On Market Date:
  • 2019-02-12
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 3700000
  • Terms:
  • 1031 Exchange
  • Street Type:
  • Street
  • Laundry:
  • Common Area
  • Fence:
  • Average Condition, Wood, Wire
  • Electricity:
  • Electricity - On Property, Standard
  • Existing Water:
  • Public
  • Utilities:
  • Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy of Sheri Parrish () with Country Real Estate
  • CACRMLS

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