2475 Victoria Ave San Luis Obispo, CA 93401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.