$3,590,000 - Price Reduction - Seller Financing

$3,590,000 1109 Kendall Road San Luis Obispo, CA

MLS: SP20078936   Type: Pending   County: San Luis Obispo   City: San Luis Obispo   Zip: 93401   Style: Office  

Mortgage $16,854 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

45,291

4.03

0

Unimproved commercial parcel. Lot line adjustments have reconfigured the parcels to be 2 parcels (Current map attached) - corner parcel at 2.53 gross acres and interior parcel at 1.5 gross acres. Owner in process of trying to get the parcel map corrected with the County of SLO. Property is currently in the County of SLO, with annexing into the City of SLO currently in process. Check allowed uses with both depending on time frame to develop. Currently approved entitlements for building (attached file) is for a 2 story office use building consisting of 45291 square feet and parking ratio at 5 per 1000 feet. CS zoning allows for different uses in the County versus the City of SLO. Broker/Owner will consider options - build to suit, build and partial sale to a user, carry partial note with substantial down, build for a tenant to lease and future sale, etc. Broker/owner is open to other considerations and uses (if approved by the County or City of SLO - depending on final annexation). Property is owned F/C and can finance building of this project for an end user. Submit any requests for sellers consideration. Sale of both properties must be contingent on Seller finding a replacement property and completing a 1031 exchange. Details in private remarks for Brokers.

Elementary School

Middle School

High School

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Distance: N/A Miles
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Price History

4/24/2020 Listed $4,380,000
5/12/2020 3% - $4,250,000
6/17/2020 6% - $3,995,000
8/11/2020 3% - $3,895,000
9/11/2020 3% - $3,795,000
10/23/2020 4% - $3,650,000
12/7/2020 2% - $3,590,000

Additional Parcels Description 076-512-044, 076-512-034
Additional Parcels Y/N Yes
Land Lease Y/N No
Listing Agent Louie Gregorio - BRE#00862997
Listing Agent State License 00862997
Lot Size Square Feet 175547
MLS Area SLO - San Luis Obispo
Property Sub Type Additional Office
Property SubType Office
Property Type Commercial Sale
Special Listing Conditions Standard
Status Pending
Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry, Private Financing Available
Utilities Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Water Sewer Expense 6161
Zoning CS

Interior Features

Laundry Features None

Exterior Features

Lot Dimensions 175, 546
Lot Features 2-5 Units/Acre, Corner Lot, Street Level
Lot Size Acres 4.03
Lot Size Area 175546.8
Lot Size Source Survey
Lot Size Units Square Feet
Water Source Private

Property Schools



Direct Link:

https://www.lahomesbyjackson.com/property/25-SP20078936-1109-Kendall-Road-San-Luis-Obispo-CA-93401

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Property vs Zip Code Avg (93401)

Price 3.59M Avg 1.42M

Sqr Feet 45,291 Avg 3,341

Cost / Sqr Ft $79 Avg $427

Acres 4.03 Avg 0.55

Visits 204 Avg 76

Days on Site 639 Avg 219

Walkscore® 16 Avg 46

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Louie Gregorio with Gregorio, Louie - Broker - 661-599-2247




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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA
818-518-0740