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.Property Highlights: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.This property offers a mix of existing income streams and significant potential for growth through: * Creating a brand and website for the laundromat and car-wash, 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.This presents a distinctive opportunity for a business owner or investor, perfectly situated to cater to its target market.Disclosure Statement: The listing agent is a licensed California Realtor with an ownership interest in the property.
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0BEDS
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0.48ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.Property Highlights: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.This property offers a mix of existing income streams and significant potential for growth through: * Creating a brand and website for the laundromat and car-wash, 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.This presents a distinctive opportunity for a business owner or investor, perfectly situated to cater to its target market.Disclosure Statement: The listing agent is a licensed California Realtor with an ownership interest in the property.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T07:33:41.617. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.