Downtown SLO 100% leased investment opportunity. The Subject property offers +/- 5,483 SF of multi-tenant retail space in the Downtown core located on the high identity corner of Marsh Street and Broad Street and adjacent to the new Hotel Cerro.
This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available.
• “Gateway” location at the corner of Marsh Street and Broad Street
• Downtown San Luis Obispo leased retail building
• Great pedestrian traffic
• Easy access to and from HWY 101
• Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing)
• Proforma 4.95% Capitalization Rate
This location benefits from its excellent exposure, great pedestrian traffic, and acts as the entrance to Downtown from the south end of the city (via Broad Street) and Hwy 101 (via Marsh Street). The Property is currently occupied by Twig & Arrow Salon who recently signed a new 5-year lease after outperforming in the smaller retail suite, which is now available.
• “Gateway” location at the corner of Marsh Street and Broad Street
• Downtown San Luis Obispo leased retail building
• Great pedestrian traffic
• Easy access to and from HWY 101
• Recently remodeled building (circa 2012) in like-new condition and new modern tenant improvements (exterior, roof, HVAC, and plumbing)
• Proforma 4.95% Capitalization Rate
Property Details
Price:
$2,900,000
MLS #:
SC22127009
Status:
Active
Address:
712 Marsh Street
Type:
Commercial
City:
San Luis Obispo
Listed Date:
Jun 13, 2022
State:
CA
ZIP:
93401
Year Built:
1936
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Courtesy of Colliers Tingey International Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2023. California Regional Multiple Listing Service. All rights reserved. 712 Marsh Street
San Luis Obispo, CA