400 Prado RdSan Luis Obispo, CA 93401

Property Details for 400 Prado Rd

Lot size

13.99 AC

Zone code

BP

Property type

Land

Property subtype

Commercial land

APN

053-441-009

APU

53441009

Description

This exceptional 11-net-acre commercial subdivision in San Luis Obispo, CA (APN 053-441-009), presents a rare turnkey opportunity. Zoned BP - Business Park, this approved 6-lot tract allows for a wide array of uses, making it ideal for developers seeking a fast-track project. Construction documents are complete, and lot lines are adjustable to meet specific needs. The property boasts a significant advantage: building density and size allowances are 1.55 times greater than comparable lots in other popular San Luis Obispo locations, with maximum building heights reaching 36 feet. Adding further value, the front two parcels have current city approvals for 49,000 square feet of medical office space, with the majority of shell building construction documents already finalized. This is a unique chance to acquire a fully permitted commercial tract in a highly desirable location, eliminating the typical decade-long approval process. Located at 400 Prado Rd, San Luis Obispo, CA 93401, this $7,995,000 property offers unparalleled potential for immediate development and significant return on investment. The property's strategic location and flexible zoning make it an exceptional addition to any commercial portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $98,886,704

  Hospitality

  $90,579,688

  Educational

  $75,361,232

  Medical

  $77,953,024

  Retail

  $117,228,584

Location Insight

City

San Luis Obispo

County

San Luis Obispo

State

California

Latitude

35.2523

Longitude

-120.663

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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