263 W. Foothill, San Luis Obispo, CA 93405 - PI20132933 - iPro Real Estate
iPro Real Estate

iPro Real Estate

For Sale

$9,000,000 $0.57 per sqft

Free Professional CMA

Listing ID : PI20132933

  • Lot Size

    360 Acre

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 7 parcels with recorded certificates of compliance. 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

Type: Land Sale 
County: San Luis Obispo 
Tax ID: 067091013
Days on Market: 562 
Property Type: Land Sale 
Sub Type: Unimproved Land 
Zoning: AG 

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Interactive

35.279369 -120.694016 $9,000,000 PI20132933
263 W. Foothill, San Luis Obispo, CA 93405
Directions to here from:

Area Information 93405

Population:

37,488 Up .01% since 2010
Average Income:
$88,148
Average Age:
32Years
Gender:
61.63%Male
38.37%Female
Households:
10,07113.3% with children
Average Value:
$838,891
Occupancy:
40.67%Owned
59.33%Rented
9.22%Vacant
Education:
17.91%High School
7.85%Associate
22.95%Bachelor
15.18%Graduate
Average Residency:
18Years
Crime Rate:
Average
Annual Rainfall:
21.2Inches
Earthquake Risk:
Very High
Ozone Risk:
Average
Pollution Risk:
Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Jul 07, 2020
Transaction
Active - LandPI20132933
Price
$9,000,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Jason Hart with Hart Commercial Real Estate