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    250 Tank Farm Rd San Luis Obispo, CA 93401

    Sponsored
    For Sale
    Contact for pricing

    Prime commercial/industrial land, flexible zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents six improved parcels totaling 6.9 acres (or 301,435 square feet) in San Luis Obispo, California. Located at 250 Tank Farm Road, Parcels 1-6 range from 1.04 to 1.43 acres individually and are available for purchase or lease, either separately or as a portfolio. The property boasts flexible Service Commercial (C-S) zoning, allowing for a diverse range of uses including retail, industrial, multifamily, medical office, and self-storage. Situated on a key east/west transportation corridor connecting Higuera Street and Broad Street, this location benefits from high traffic counts (18,876 vehicles) and proximity to four major developments, promising increased traffic flow. Each parcel features engineered soils, redundant fiber optic connectivity, ample power, and connection to city services, creating an ideal environment for development. The 500.35-foot frontage provides excellent visibility and accessibility. This opportunity is particularly attractive to investors, developers, and businesses seeking to capitalize on San Luis Obispo County's robust growth. The property is subject to an Airport Area Specific Plan (AASP) overlay. Contact for pricing and lease rates.

    Property Features for 250 Tank Farm Rd

    General Information

    Property type
    Land
    Lot Size
    45,302 SF
    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/industrial land, flexible zoning.
    Where is this land located?
    The property is located at 250 Tank Farm Rd San Luis Obispo, CA.
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    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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