CA > San Luis Obispo
San Luis Obispo, CA 93401,1118 Palm ST
San Luis Obispo, CA 93401,1118 Palm ST
San Luis Obispo, CA 93401,1118 Palm ST
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$1,450,000
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2,068 SqFt
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1118 Palm ST San Luis Obispo, CA 93401

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Frances Inda

Frances Inda

+1(858) 753-3405

UPDATED:

10/22/2024 04:55 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,068 sqft

Price per Sqft $701

MLS Listing ID SC24218713

HOA Y/N No

Year Built 1898

Lot Size 0.275 Acres

Acres 0.2755

Property Description

Welcome to 1118 Palm Street in San Luis Obispo, CA! This exceptional property offers a rare opportunity to own a prime piece of downtown real estate, set on an expansive 12,000 square-foot lot. Situated in the versatile Office Zone, this property is ideal for a variety of uses, from a sophisticated office space to a charming residence, or even a combination of both. You may also explore the development of additional homes or apartments in the large area behind the existing home. The property boasts elegant architectural features including large windows, soaring 11-foot ceilings, and distinctive rooflines that enhance its functionality and historic charm. Brass door handles, Douglas Fir floors, artistic lighting fixtures, and a grand fireplace add a touch of quality and uniqueness you won’t find in newer construction. The property includes a kitchen area, two bathrooms, and a separate walk in shower room. Elevated above street level, the property provides stunning views of the surrounding mountains and downtown San Luis Obispo. At the rear, you’ll find a serene sitting area and a large parking lot with 8 onsite spaces. The expansive attic, accessible via staircase, offers ample storage space with the potential to convert into additional office or living areas. Whether you envision creating a Downtown SLO estate with gardens, guest units, and a detached garage/shop, or improving a premium office space, this property presents a unique opportunity. The seller has developed conceptual plans for additional housing units - please inquire for more information. Discover the potential of Palm Street and imagine the possibilities for this remarkable property in the heart of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning Office

Rooms

Ensuite Laundry Laundry Closet

Interior

Laundry Location Laundry Closet

Heating Central

Cooling Central Air

Fireplace No

Laundry Laundry Closet

Exterior

Fence Wood

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Present Use Commercial

Total Parking Spaces 8

Building

Lot Description Landscaped, Yard

Story 2

Water Public

Others

Tax ID 002325008

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Erik Berg-Johansen • Richardson Sotheby's International Realty • 805-538-1828

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Frances Inda

Realtor | License ID: 01785933

+1(858) 753-3405

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1118 Palm ST