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    250 Tank Farm Rd San Luis Obispo, CA 93401

    For Lease
    Contact for pricing

    Prime commercial land, flexible zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional offering presents six improved parcels totaling 6.9 acres in San Luis Obispo, CA. Strategically located on 500.35 feet of Tank Farm Road, with cross access to Innovation Way, this property boasts flexible C-S zoning, ideal for a variety of uses including retail, industrial, multifamily, medical office, and self-storage. The parcels, identified by APNs 053-251-074, 053-251-075, 053-251-076, 053-251-077, 053-251-078, 053-251-079, 053-251-083, and 053-251-084, are situated in San Luis Obispo County (zip code 93401) and benefit from engineered soils, redundant fiber optic connectivity, ample power, and city services. The location offers excellent access to major thoroughfares, Higuera Street and Broad Street, and is poised to benefit from the growth of four nearby large developments. Individual parcel sizes range from 1.04 to 6.9 acres. Purchase, ground lease, or build-to-suit options are available. This property represents a unique opportunity to capitalize on the dynamic growth of one of California's fastest-growing counties. The C-S zoning allows for a wide range of service and manufacturing uses, including services, limited retail, and other business services. The property's location within the Airport Area Specific Plan Area suggests future development opportunities aligned with sustainable growth initiatives.

    Property Features for 250 Tank Farm Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 6.9‑acre multi‑parcel development opportunity in San Luis Obispo, CA (93401).
    • Parcels range from 1.04 to 1.43 acres, totaling 6.9 acres (301,435 SF), available individually or as a whole.
    • C‑S zoning allows for retail, industrial, multifamily, medical office, and self‑storage uses.
    • Improved with power, fiber optic connectivity, water, sewer, and irrigation.
    • APN: 053‑251‑074 through -079; 053‑251‑083 through -084.
    • 500.35' frontage on Tank Farm Road, with cross access to Innovation Way; 18,876 CPD traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6666017
    Latitude
    35.2468245

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    FAQs

    What type of property is this?
    Land - Prime commercial land, flexible zoning.
    Where is this land located?
    The property is located at 250 Tank Farm Rd San Luis Obispo, CA.
    What are key features of this property?
    This property features: 6.9-acre multi-parcel development opportunity in San Luis Obispo, CA (93401).; Parcels range from 1.04 to 1.43 acres, totaling 6.9 acres (301,435 SF), available individually or as a whole.; C-S zoning allows for retail, industrial, multifamily, medical office, and self-storage uses.
    Request Owner's contact information
    250 Tank Farm Rd San Luis Obispo, CA 93401
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    San Luis Obispo, CA 93401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Tank Farm Rd San Luis Obispo, CA 93401
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