655 Monterey St - Multi-Family FOR SALE


San Luis Obispo, CA 93401
$7,700,000 USD
805-704-5727
655 Monterey St, San Luis Obispo, CA for Sale
$7,700,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

655 Monterey St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Downtown San Luis Obispo
  • 240 ft. of creek frontage

OVERVIEW

Monterey Place is an exclusive shovel ready mixed-use infill development on one of the last remaining raw land parcels in downtown San Luis Obispo. Fronting San Luis Obispo Creek and its scenic boardwalk, the project offers a vibrant urban setting with an inviting outdoor atmosphere. Located just steps from shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the renowned Thursday Farmers Market, the site is surrounded by the city’s most desirable amenities. Across the street, a new Performing Arts Center and parking structure are underway, further enhancing the area. The development features retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, secure underground parking, boutique hotel rooms, and elegant creekside residences. Upper floors include for-sale one- to three-bedroom condos designed for modern urban living. Close to beaches, Central Coast wine country, Cal Poly, and nearby open space, Monterey Place offers a rare opportunity to experience a complete downtown lifestyle in a highly walkable, premier location.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

36

PRICE/UNIT

$213,889

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monterey Place

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,783 SF

ZONING

CD-S-H

APN/PARCEL ID

002-421-036

ASK ABOUT THIS PROPERTY

Steve DavisMcCarty Davis Commercial Real EstateMore Info
805-704-5727

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Steve DavisMcCarty Davis Commercial Real EstateMore Info
805-704-5727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.