1500 Palm St
San Luis Obispo, CA 93401
Medical Arts Building · Office Property For Sale

Rare opportunity to own office space close to downtown and Cal Poly. The Medical Arts building, also known as the Medical Arts Center, is located on a highly exposed corner of California and Palm Streets on the eastern edge of the San Luis Obispo downtown corridor. Two updated offices on upper level and large office space on the ground level. There are 8 off-street parking spaces and an estimated annual income of $60,000. The lot is 10,000 sf and is zoned Office. The building is approximately 4,110± sq ft. total with 3 suites and 8 onsite parking spaces. The main level is 2,840± sf with a monthly rental income $4,950 MG and the vacant lower level with separate entrance is 868± sf. All tenants are currently on month to month leases. The surrounding area is a mix of residential and commercial and is convenient to public transportation.