$12,600,000

263 W Foothill Boulevard

San Luis Obispo CA, 93405

Description

The historic Alberti-Madonna Ranch is centered in one of the most prime parts of the Central Coast of California, San Luis Obispo. The ranch is nestled between the base of Cerro San Luis along the northern property line and encompasses a portion of Laguna Lake to the southeast section. Cerro San Luis Obispo, or commonly referred to as Madonna Mountain, is a member of the or Nine Sisters, a chain of prominent volcanic peaks stretching east from Morro Bay. A stream runs along the foothill frontage of the property with several intermittent streams running from Cerro San Luis to the lake. The ranch is only 10 miles from Avila Beach to the south, 10 miles from Morro Bay Beach to the west, and despite its rural feel, is located just a few minutes from downtown San Luis Obispo. This is an unparalleled opportunity for an astute buyer looking for a ranch with a wealth of possibilities located in the heart of the Central Coasts gem. The ranch is comprised of 4 APNs and 6 parcels with recorded certificates of compliance. A 7th COI is currently in process. The ranch offers a new buyer the chance to reconfigure the parcels into a variety of layouts through lot line adjustments, versus having to go through a lengthy mapping process. The property is not in the Williamson Act which could allow for potential future development, most likely as part of a rezone and an annexation into the city. The ranch and surrounding properties are within the Citys Sphere of Influence Area 9.

Details

MLS#PI20132933
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site33

Features

ZoningAG
Acreage360.00
Property ViewYes

Market Activity 93405

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Area Information
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93405
AreaSLO - San Luis Obispo
Listing VS Median (in 93405)
Price:
$12,600,000
low | high
Med:
$759,500
100% of Average
On Site:
33
low | high
Med:
54.500000
60.550458715596% of Average
Listing Updated: 08/10/2020
Jason Hart LogoMLS Number: PI20132933
Listing Provided By:
Jason Hart  of  Hart Commercial Real Estate
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