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1248 Laurel Ln 1,850 SF 100% Leased Office Building San Luis Obispo, CA 93401 $985,000 ($532.43/SF)
Investment Highlights
- Frontage on busy boulevard with large lighted signage. On site parking. Free street parking. Extra parking. Covered Patio & fenced yard.
Executive Summary
This unique property is on a busy major boulevard with a huge lighted sign for maximum visibility. CN zoned for low-impact retail sales, offices, and personal services businesses, as well as the possibility for a residence with attached offices. There are 3 suites with multiple offices totaling 1850 sq ft. There are two cozy fireplaces, air conditioning, 2 private baths, mini kitchen, wood vaulted ceilings, covered patio, and fenced backyard. There are multiple office and workstation configurations. Prior uses were for insurance, real estate, attorney, engineers, mortgage, and medical offices. This dog friendly location has a double door leading out to a private covered patio (300sqft) and fenced backyard. No NNN here, just add utilities. No parking meters here either. Lots of street and on site parking as well. This office is almost turn key as it is partially furnished. All desks and furnishings stay if you would like. Possibilities are endless. Lease with option to buy also possible. Original building plans on site, with additional plans for an optional second story. City allows for multi-use habitational at this location. Located next to the Laurel Lane Community Garden, and The Village Shopping Center. Intrigued? Call now.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,850 SF
Building Class
B
Year Built/Renovated
1965/1987
Price
$985,000
Price Per SF
$532.43
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,850 SF
Building FAR
0.33
Lot Size
0.13 AC
Zoning
CN - Commercial Neighborhood Zoning, allowing for offices, retail, personal services, multi-use, and more. Possible mixed use as a residence with offices.
Parking
9 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Signage
- Skylights
- Wheelchair Accessible
- Reception
- Storage Space
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 004-982-023 | Improvements Assessment | $215,170 |
| Land Assessment | $222,849 | Total Assessment | $438,019 |
Property Taxes
Parcel Number
004-982-023
Land Assessment
$222,849
Improvements Assessment
$215,170
Total Assessment
$438,019
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1248 Laurel Ln
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