Unique Commercial Property Investment Opportunity in San Luis Obispo
Located at 1010, 1030, and 1050 Orcutt Rd., this property combines an array of income-generating features, making it an attractive choice for investors and business owners alike.
Unique Commercial Property Investment Opportunity in San Luis Obispo
Located at 1010, 1030, and 1050 Orcutt Rd., this property combines an array of income-generating features, making it an attractive choice for investors and business owners alike.
This property offers a mix of existing income streams and significant potential for growth through:
- Creating a brand and website for the laundromat and carwash, enhancing visibility and attracting a larger customer base.
- Updating payment options to include credit card transactions for the businesses, improving customer convenience and increasing revenue potential.
- The upcoming rental income from the completion of the studio build-out and the leasing of the vacant professional office, further expanding your revenue potential.
TOTAL LOT SPACE
+/- .48 acre
TOTAL BUILDING SPACE
+/- 4,071 sq ft
ZONED
Service Commercial
1010 Orcutt Rd: Commercial 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. Partial-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.
Storage 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.
1030 Orcutt Rd: Self-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.
1050 Orcutt Rd: Laundromat 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.
Corban Holland
Principal / Broker
DRE #01836854
Paul Shannon
Principal / Agent
DRE #01970198
ABOUT THE AREA
SLO County
At the heart of the county lies San Luis Obispo. Thanks for National Geographic and Oprah Winfrey, its reputation continues to be known as the Happiest Place in America. It was also ranked the 3rd best place in America to live (above Santa Barbara, San Francisco, Monterey, Newport Beach, Honolulu, etc).
San Luis Obispo County also hosts large employers in the area like Cal Poly, Tenet Health, Atascadero State Hospital, MindBody, PG&E, Compass Health, IQMS and Cuesta College.
With over 250 wineries spread among San Luis Obispo county, the area offers a variety of tasting experiences.
A true gem, Morro Bay is a seaside fishing village and great place to kayak out through the bay.
Cal Poly is a nationally-ranked public university that prides itself on the individual success of its students who learn by doing.
The recreation and tourism-oriented town of Pismo Beach offers plenty of restaurants, hotels, inns and RV parks.