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    October 18, 2017

±360 ACRE HISTORIC RANCH IN HEART OF SAN LUIS OBISPO

360 Acres - 263 W Foothill Blvd, San Luis Obispo CA, San Luis Obispo, California 93405

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Property 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 Coast’s gem.

Agricultural Opportunities:

Of 58 California counties, San Luis Obispo ranks fourth for broccoli, cauliflower and strawberry production, and is ranked fifth for avocado and flower production. 2018 was the first year ever the county’s total agricultural production reached more than one billion dollars.

The property soil classifications and microclimate are suitable for farming many permanent or rotational crops that the region is well known for. Currently there are no irrigated or dry crops produced on the property. See page 10 for the mapped physical features and soils classifications of the property.

Subdividing by Lot Line Adjustments:

The ranch is comprised of 4 APNs and 6 parcels with recorded certificates of compliance. A 7th COI is currently in process. 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. After processing a LLA a buyer could sell off some or all of these smaller portions of the ranch at a potential premium.

Future Development Opportunities:

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 City’s Sphere of Influence Area 9. The area is bounded by Los Osos Valley Road to the south and Foothill Boulevard to the east. The City has identified the potential land use for this area as Residential and Open Space. Much smaller ranches in the area that have been annexed into the city and rezoned have sold for over four times the asking price of this opportunity.

Basic Details
Property Type :
Listing Type : For Sale
Listing ID : 142672
Price : $9,000,000
View : Lake
Year Built : 0
Acres : 360 Acres
Features
Development Potential
Electricity
Game-Proof Fence
Lake
Lake Frontage
Water Rights
Address Map
Country : US
State : CA
County : San Luis Obispo County
City : San Luis Obispo
Zipcode : 93405
Terrain : Rolling
Zoning : Agricultural
Directions :

San Luis Obispo is approximately 190 miles north of Los Angeles and 230 miles south of San Francisco. The city, locally referred to as SLO, is the county seat of San Luis Obispo County and is adjacent to renowned California Polytechnic State University.

San Luis Obispo continually ranks among the premier places to live and visit in the United States. Each year San Luis Obispo finds its way onto dozens of lists featuring the activities, natural resources, food and wine scene, shopping, entertainment and the many benefits that make San Luis Obispo so special.

San Luis Obispo is famous for its downtown farmers' market where vendors sell food and goods and various visual and music artists perform, it’s renowned wine regions, the San Luis Obispo International Film Festival, and breathtaking nearby beaches just to name a few.

Longitude : W121° 18' 16.7''
Latitude : N35° 17' 16.3''
For Sale
  • Listing ID : 142672
  • Acres : 360 Acres
$9,000,000
View Agent’s Properties and Profile:
Hart Commercial Real Estate
524 E Branch St
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