Commercial Property — 1150 Palm, San Luis Obispo, CA

$4,400,000

1150 Palm, San Luis Obispo, CA

1150 Palm, San Luis Obispo, CA 93401 — $4,400,000 · Commercial Real Estate for Sale — photo 3

1150 Palm, San Luis Obispo, CA 93401 — $4,400,000 · Commercial Real Estate for Sale — photo 4

1150 Palm, San Luis Obispo, CA 93401 — $4,400,000 · Commercial Real Estate for Sale — photo 5

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About this property

Exceptional opportunity to invest in a fully occupied office building in downtown San Luis Obispo. Ideally situated on a prominent corner lot at Palm and Toro, the property offers 9767 sf of office space, 29 on-site parking spaces for clients and staff. Built in 1986 for its current professional tenants, the building benefits from a stable tenancy that includes more than 40 years with the same professional firm, providing investors with secure income and long-term occupants in place. The interior is designed to support a wide range of professional uses, featuring high-speed fiber optics, a kitchen, private offices, conference rooms, and open office space. Beautifully renovated in 2012 by an award-winning local architecture firm, the property showcases modern, high-quality design in one of San Luis Obispo’s most desirable downtown locations.