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Listed by Farid Shahid, DRE #02025653 • Eighty20 Group
$ 2,750,000
Est. payment /mo
New
452 Higuera ST San Luis Obispo, CA 93401
10 Beds
4 Baths
4,266 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $644
MLS Listing ID CRSC26131654
Bedrooms 10
Full Baths 4
Year Built 1901
Property Sub-Type Other Residential
Source California Regional MLS
Property Description
An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 451 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 rare-bring your vision to this premier location and shape the future of San Lui
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 002511017
Special Listing Condition Not Applicable
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