Property Description

Unique commercial property investment opportunity located at 1010, 1030, and 1050 Orcutt Rd. that combines an array of income-generating features, making it an attractive choice for investors and business owners alike.rnrnProperty Highlights:rnrn1010 Orcutt Rd:rnrnCommercial Office: This 473-square-foot office space is perfect for small businesses, startups, or solo practitioners. Lease the office and unlock an additional stream of rental income.rnPartial-Built One-Bedroom Studio: Currently undergoing a build-out, with a permit in progress, this space presents a promising opportunity for additional residential rental income.rnStorage Bay: A spacious 521-square-foot storage bay, currently leased on a monthly basis for $700, adding a steady stream of revenue to your investment.rnrn1030 Orcutt Rd:rnrnSelf-Serve Car Wash: The only self-serve car wash in the City of San Luis Obispo, featuring four wash bays and four self-serve vacuum units. This thriving business currently generates approximately $6,000 in monthly income, offering a stable cash flow.rnrn1050 Orcutt Rd:rnrnLaundromat Renovation: This 1,587-square-foot space has been recently remodeled into a successful laundromat, equipped with 12 Express Wash Girbau washers and 12 ExpressDry dryers. All equipment is less than three years old and in excellent condition. The laundromat currently generates approximately $6,000 in monthly income, with little to no marketing in place.rnrnThis property offers a mix of existing income streams and significant potential for growth through: rnrn * Creating a brand and website for the laundromat and car-wash, enhancing visibility and attracting a larger customer base.rn * Updating payment options to include credit card transactions for the businesses, improving customer convenience and increasing revenue rn potential.rn * The upcoming rental income from the completion of the studio build-out and the leasing of the vacant professional office, further expanding your rn revenue potential.rnrnThis presents a distinctive opportunity for a business owner or investor, perfectly situated to cater to its target market.rnrnDisclosure Statement: The listing agent is a licensed California Realtor with an ownership interest in the property.

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MLS Addon
004962028
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17/10/2023 14:31:14
Listing courtesy of
Pacifica Commercial Realty
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Commercial For Sale

1010 OrcuttRoad, San Luis Obispo, California, 93401

4,071 Sqft
Visits : 10 in 752 days
$1,750,000
Listing ID #NS23193764
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Commercial
Property SubType : Specialty
Price : $1,750,000
Price Per Square Foot : $430
Square Footage : 4,071 Sqft
Year Built : 1990
View : Mountain(s)
Listing ID : NS23193764
Agent info
Rina Maya
Designated Broker
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