John Benson - Commercial Real Estate Showcase

John Benson Property Listings
Benson Properties
319 W Grand Ave
El Segundo, CA 90245
(805) 786-4444


DetailMap
855 4th Street

Pismo Beach, CA 93449 - South 101 Corridor Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:-
Stories:1 Typical Floor:21,800 SF Building Size:21,800 SF
For Sale Price:$2,350,000 Price/SF:$107.80
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2.74/1,000 SF



Sale Notes:
This 21,800 sf office building is located on a 1.2 acre parcel. The existing building is air-conditioned and has 75 offices available for medical or office tenants. There are 80 parking spaces available for tenants and building access is ADA current.

A 2-year $250,000 planning effort has resulted in the completion of the architectural plans, engineering, and construction drawings to remodel the building into a residential mixed-use project. The project has two configurations: a 2400 sf office with 35 studio and one-bedroom units, or a 2400 sf office with 19 one and two bedroom units. The 35-unit plan would qualify for any available work-force housing credits or grants. See a recent article regarding work-force housing initiatives in San Luis Obispo County.

The City of Pismo Beach planning entitlement is paid. Partial construction financing may be available from the Housing Trust Fund of San Luis Obispo County.

For sale at $2,575,000 includes land, building, plans and paid planning entitelment fee.

Contact Alex Benson, Owner at info@BensonProporties.com

The location is just off highway 101 at 4th Street and 5-Cities Drive in Pismo Beach, California. This 855 N. 4th Street property is near hotels, restaurants and two large shopping centers and it is adjacent to Pismo Lake Ecological Reserve.

Benson Properties
John Benson
(805) 786-4444




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