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251 Pacific Street St 1.1 Acres of Residential Land Offered at $4,600,000 in San Luis Obispo, CA 93401
Investment Highlights
- Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
- City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
- Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
- High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
Executive Summary
Property Facts
| Price | $4,600,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.10 AC |
| Property Type | Land | ||
| Zoning | CS - Commercial Service | ||
| Price | $4,600,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.10 AC |
| Zoning | CS - Commercial Service |
1 Lot Available
Lot
| Price | $4,600,000 | Lot Size | 1.10 AC |
| Price Per AC | $4,181,818.18 |
| Price | $4,600,000 |
| Price Per AC | $4,181,818.18 |
| Lot Size | 1.10 AC |
Combines 3 adjacent Commercial Service-zoned lots. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking),plus an existing 1,420 SF commercial building (with approved 770 sq ft addition).
Description
Prime Infill Opportunity – Downtown San Luis Obispo One of the last largest remaining infill sites in Downtown SLO. This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large-scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately. Prime entitled opportunity in the Central Coast’s best market - the opportunity won’t last!
Presented by
251 Pacific Street St
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