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855 4th Street, Pismo Beach, CA
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855 4th Street
Pismo Beach, CA 93449 - South 101 Corridor Submarket
For Sale Price:
Free Surface spaces are available; Ratio of 2.74/1,000 SF
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.
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