1500 Palm Street

  • San Luis Obispo

  • $1,250,000
  • Acres

Sold on Friday, May 18, 2018. For available lots, view Similar Lots or Search Properties.

Commercial Sale Details

Description & Essential
Rare opportunity to own office space close to downtown and Cal Poly. The Medical Arts building, also known as the Medical Arts Center, is located on a highly exposed corner of California and Palm Streets on the eastern edge of the San Luis Obispo downtown corridor. Two updated offices on upper level and large office space on the ground level. There are 8 off-street parking spaces and an estimated annual income of $60,000. The lot is 10,000 sf and is zoned Office. The building is approximately 4,110± sq ft. total with 3 suites and 8 onsite parking spaces. The main level is 2,840± sf with a monthly rental income $4,950 MG and the vacant lower level with separate entrance is 868± sf. All tenants are currently on month to month leases. The surrounding area is a mix of residential and commercial and is convenient to public transportation.
MLS #SP1075040
Price Per SqFt$304.14
CountySan Luis Obispo
AreaSLO - San Luis Obispo
Sale TypeProbate Listing
Building StatusExisting
Uncovered Spaces0
Listing BrokerageWilson & Co. Sotheby's International Realty
Listing AgentLinda Wilson


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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, May 21, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.