452 Higuera Street, San Luis Obispo, CA 93401
452 Higuera Street, San Luis Obispo, CA 93401
452 Higuera Street, San Luis Obispo, CA 93401
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Farid Shahid • Eighty20 Group
$2,750,000
Est. payment /mo
10 Beds
4 Baths
4,266 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 4,266 sqft

Price per Sqft $644

MLS Listing ID SC-26131654

Bedrooms 10

Full Baths 4

Year Built 1901

Lot Size 0.590 Acres

Property Sub-Type Commercial/Residential

Source California Regional Multiple Listing Service (CRMLS)

Property Description

An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO's long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare—bring your vision to this premier location and shape the future of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Laundry None

Exterior

Pool None

Community Features Sidewalks, Street Lights

View Y/N Yes

Building

Lot Description Level

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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452 Higuera Street