Property Description

Income-producing three-unit commercial investment opportunity in the heart of Los Osos. Located at 2131 10th Street, this CR (Commercial Retail) zoned property consists of three commercial units, including an established frame shop tenant generating in-place income and two additional vacant units available for immediate lease-up or owner-user occupancy. The property offers a strong value-add opportunity with clear upside through leasing the remaining space at estimated market rents of approximately $2.00/SF, allowing investors to stabilize and enhance cash flow. The flexible CR zoning supports a variety of retail, office, and professional service uses, providing broad leasing appeal and long-term adaptability. Positioned along a well-established commercial corridor in Los Osos, the property benefits from strong local visibility, surrounding residential density, and convenient access to Highway 1, Morro Bay, and Baywood Park. With a combination of in-place income and near-term lease-up potential, this property presents a compelling coastal investment opportunity.

Property Features