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251 Pacific Street St
San Luis Obispo, CA 93401

$4,600,000 USD

Land For Sale  •  1.1 AC

Property Details

  • Property Type Land
  • Lot Size 1.1 AC
  • Zoning CS - Commercial Service
34 Transit Score
92 Walk Score

Description

Prime Infill Opportunity – Downtown San Luis Obispo

One of the last largest remaining infill sites in Downtown SLO.
 
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large-scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately. 

Prime entitled opportunity in the Central Coast’s best market - the opportunity won’t last!

Highlights

Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
San Luis Obispo (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
San Luis County Regional 11 min - 5.0 mi
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