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2730 McMillan Ave - McMillan Apartments
1.1 Acres of Commercial Land Offered at $3,150,000 in San Luis Obispo, CA 93401
Investment Highlights
- Bid in hand from JW Design
- Less than a mile from Downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown.
- Less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants.
- Approved for up to 46 Apartment Units
- Permit ready development
Executive Summary
New ownership will benefit from the well designed project by Arris Architecture and a bid in hand from JW Design.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,150,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | 1031 Exchange | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.10 AC |
| Price | $3,150,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.10 AC |
1 Lot Available
Lot
| Price | $3,150,000 | Lot Size | 1.10 AC |
| Price Per AC | $2,863,636 |
| Price | $3,150,000 |
| Price Per AC | $2,863,636 |
| Lot Size | 1.10 AC |
Fully permitted in 2024 the 46-unit mixed use project exemplifies the best opportunity to build modern apartment living in San Luis Obispo.
Description
The property is ideally situated less than a mile from downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown. In addition its premier location also is less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants.
PROPERTY TAXES
| Parcel Number | 053-212-022 | Improvements Assessment | $0 |
| Land Assessment | $1,107,312 | Total Assessment | $1,107,312 |
PROPERTY TAXES
zoning
| Zoning Code | M-1 (Industrial) |
| M-1 (Industrial) |
Presented by
2730 McMillan Ave - McMillan Apartments
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