1326 Chorro St San Luis Obispo, CA 93401-4006

This exceptional 3,296 sq ft office building in downtown San Luis Obispo presents a unique investment opportunity. Built in 1968 and extensively renovated in 2023, this two-story, single-unit structure boasts a blend of mid-century modern charm and contemporary functionality. The property features eight private offices, a well-appointed conference room, a kitchen, and two bathrooms. Large windows, vaulted ceilings, high-end finishes, and LED lighting create an inviting and productive workspace. The building also includes a large outdoor balcony and eight on-site parking spaces. Situated on a 5,965 sq ft lot, the property is zoned for office use, but the possibility of conversion to residential units or expansion should be explored with the City of San Luis Obispo. Recent upgrades include a new roof, gutters, wastewater improvements, balcony railing, and interior paint. The asking price is $1,895,000, with a net operating income (NOI) of $98,760 and a 5.21% cap rate. The property is available for owner/user occupancy with a triple net (NNN) lease, and the occupancy date is September 30, 2024. This standalone building offers a rare combination of location, quality, and potential, making it an ideal investment for discerning buyers. The property's APN is 003528004.