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4805 Morabito PlaceSan Luis Obispo, CA 93401Price: $1,375,000

  • Price: $1,375,000
  • 441 Days on Market
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,375,000List Price
  • 1.5Acreage
One of the few remaining unimproved finished parcels in the East Airport Development. Corner parcel with great visibility. Across from Rosetta and and next to Cloud. Property is in the county of San Luis Obispo, with a City of San Luis Obispo annexation in process. Current zoning is CS and will remain CS upon the city annexation taking place - which will allow additional uses including some medical and additional building density. All of this to be verified by buyer during the buyer's due diligence period. Parcel can be sold with the adjoining parcel - APN 076-512-044 - 4785 Morabito Place. Pricing of $3,795,000.00 for a buyer purchasing both parcels and closing at the same time. Broker is owner of this parcel and is representing himself in the sale. Owner will consider other options - build to suit, lease with option to purchase, land lease, JV, seller note carry, etc. Any sale will be contingent on the owner finding a 1031 exchange replacement property and completing the due diligence of that property prior to releasing Owner's 1031 contingency. Current entitlements are for an 45291 foot office building, which includes both parcels totaling 4.03 acres.
Listed by Louie Gregorio of Gregorio,Louie - Broker

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 "Based on information submitted to CA_CRMLS as of November 29, 2021 3:55 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Property Details of 4805 Morabito Place

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