1118 Palm Street, San Luis Obispo, CA 93401

About this commercial property

Welcome to 1118 Palm Street in San Luis Obispo, CA! This exceptional property offers a rare opportunity to own a prime piece of downtown real estate, set on an expansive 12,000 square-foot lot. Situated in the versatile Office Zone, this property is ideal for a variety of uses, from a sophisticated office space to a charming residence, or even a combination of both. You may also explore the development of additional homes or apartments in the large area behind the existing home. The property boasts elegant architectural features including large windows, soaring 11-foot ceilings, and distinctive rooflines that enhance its functionality and historic charm. Brass door handles, Douglas Fir floors, artistic lighting fixtures, and a grand fireplace add a touch of quality and uniqueness you won’t find in newer construction. The property includes a kitchen area, two bathrooms, and a separate walk in shower room. Elevated above street level, the property provides stunning views of the surrounding mountains and downtown San Luis Obispo. At the rear, you’ll find a serene sitting area and a large parking lot with 8 onsite spaces. The expansive attic, accessible via staircase, offers ample storage space with the potential to convert into additional office or living areas. Whether you envision creating a Downtown SLO estate with gardens, guest units, and a detached garage/shop, or improving a premium office space, this property presents a unique opportunity. The seller has developed conceptual plans for additional housing units - please inquire for more information. Discover the potential of Palm Street and imagine the possibilities for this remarkable property in the heart of San Luis Obispo.

Listing description from the January 2025 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold January 2025 · listed $1,350,000, orig. $1,450,000, on market August 2024 · MLS #SC24218713 · Source: CRMLS

Listing Agent: Erik Berg-Johansen · Listing Office: Richardson Sotheby's International Realty · Contact: 805-538-1828 · Bought with: NONE NONE · None MRML

$1,200,000

Sold January 2025 · listed $1,350,000, orig. $1,450,000, on market August 2024 · MLS #SC24187371 · Source: CRMLS

Listing Agent: Erik Berg-Johansen · Listing Office: Richardson Sotheby's International Realty · Contact: 805-538-1828 · Bought with: NONE NONE · None MRML

$1,185,000

Sold January 2022 · listed $1,295,000, on market September 2021 · MLS #SC21197717 · Source: CRMLS

Listing Agent: Derek Senn · Listing Office: Anderson Commercial RE Service · Contact: 805-543-1400 · Bought with: Erik Berg-Johansen · Richardson Properties

$1,099,000

Sold January 2021 · listed $1,199,000, orig. $1,275,000, on market October 2020 · MLS #SP20224426 · Source: CRMLS

Listing Agent: Lindsey Harn · Listing Office: Richardson Properties · Contact: 805-781-6040 · Bought with: Derek Senn · Anderson Commercial RE Service

$729,000

Sold October 2013 · listed $724,900, on market February 2013 · MLS #SL193828 · Source: CRMLS

Listing Agent: Hal Sweasey · Listing Office: RE/MAX Del Oro · Contact: 805-781-8101 · Bought with: Lindsey Harn · RE/MAX Del Oro

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