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    2475 Victoria Ave San Luis Obispo, CA 93401

    Sponsored
    For Sale
    $399,000

    Three modern suites, prime location

    Property size:
    3,369 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents three brand-new, vacant commercial suites totaling 3,369 square feet, situated within the vibrant Victoria Crossing development in San Luis Obispo, California. Each suite offers a unique layout and potential, ideal for a variety of uses including bars, restaurants, or grocery stores. Suite C1 boasts 1,275 square feet, floor-to-ceiling windows, and an expansive outdoor patio. Suite C2, at 1,021 square feet, can be combined with Suite C1 to create approximately 2,300 square feet of space. Suite C3 offers 1,073 square feet. The property features high ceilings, ample natural light, and prominent street presence, benefiting from 11 dedicated onsite parking spaces, in addition to ample street parking. Suites C1 and C2 are equipped with grease traps and venting systems, making them particularly suitable for food service establishments. All suites are delivered in "cold shell" condition. The property is zoned C-R-SF (Commercial Retail with Special Focus Area Overlay); verification of allowable uses with the City of San Luis Obispo is recommended. The 22,820 square foot lot is part of a larger development including 33 residential units, providing a built-in customer base. This owner-user investment opportunity is priced at $399,000, offering significant growth potential in a thriving urban area near downtown San Luis Obispo. The building was constructed and renovated in 2023. The property's address is 2475 Victoria Ave, San Luis Obispo, CA 93401. The APN is 004921027.

    Property Features for 2475 Victoria Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,369 SF

    Building Details

    Year Built/Renovated
    2023/2023
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Three new construction commercial suites available for sale in San Luis Obispo's Victoria Crossing.
    • Suite C1: 1,275 SF, $640,000, features floor‑to‑ceiling windows and a large patio.
    • Suite C2: 1,021 SF, $465,000, combinable with Suite C1 for approximately 2,300 SF.
    • Suite C3: 1,073 SF, $485,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

    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
    -120.652974134
    Latitude
    35.26701190924

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    FAQs

    What type of property is this?
    Restaurant - Three modern suites, prime location
    Where is this restaurant located?
    The property is located at 2475 Victoria Ave San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Three new construction commercial suites available for sale in San Luis Obispo's Victoria Crossing.; Suite C1: 1,275 SF, $640,000, features floor-to-ceiling windows and a large patio.; Suite C2: 1,021 SF, $465,000, combinable with Suite C1 for approximately 2,300 SF.
    Request Owner's contact information
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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

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    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
    2475 Victoria Ave San Luis Obispo, CA 93401
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