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263 W Foothill Boulevard, San Luis Obispo, CA 93405

$9,000,000
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Active
LOT SIZE 360.000 acres MLS#PI20132933
STATUSActive PROPERTY TYPELand - Farm SUBDIVISIONSan Luis Obispo(380)

Listing Courtesy of: Hart Commercial Real Estate
Agency Phone: 805-481-9010
Associate Name: Jason Hart
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone:


Property Description

The historic Alex Madonna-Alberti 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. Owner may consider a Joint Venture as well.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.

263 W Foothill Boulevard | MLS# PI20132933

This land located at 263 W Foothill Boulevard, San Luis Obispo, CA 93405 is currently listed for sale with an asking price of $9,000,000. The property has approximately 360.00 Acres. Search San Luis Obispo real estate on www.farrellsmyth.com today.

Property Features

Property Type: Land - Farm
Lot Size: 360.00 Acres

Feature Descriptions

Community Features: Foothills, Horse Trails, Lake, Rural
Days on Site: 820
Horse Amenities: Riding Trail
Lot: Ranch
Parcel#: 067091013
Special View Info: Hills, Lake, Mountain(s)
Water: See Remarks

Listed By / Shown By

Listed By

Agency Name: Hart Commercial Real Estate
Agent Name: Jason Hart
Agency Phone: 805-481-9010

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone:

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Estimate Your Payment

Estimated Payment

$ 40,400.91 per month $37,775.91 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,625.00 Homeowner's Insurance

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