452 Higuera Street,San Luis Obispo, CA 93401
San Luis Obispo, CA 93401
Description
An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO’s long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rarebring your vision to this premier location and shape the future of San Luis Obispo.
Details
| MLS # | SC26131654 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 87 |
| Listing Provided By | Eighty20 Group | Farid Shahid |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,266 |
| Story(s) | 1 |
| Units | 4 |
| Acreage | 0.59 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Up |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Level |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93401 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $2,750,000 low | high Med: $2,500,000 sqft: 4,266 low | high Med: 4,475 $ / sqft: $645 low | high Med: $613 On site: 87 low | high Med: 121 | |
Market Activity 93401
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Learn More About This Property
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93401 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $2,750,000 low | high Med: $2,500,000 sqft: 4,266 low | high Med: 4,475 $ / sqft: $645 low | high Med: $613 On site: 87 low | high Med: 121 | |
 | $1,150,000283 Higuera StreetSan Luis Obispo, CA 93401 |
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