Substantial commercial acreage in San Luis Obispo offered at $3,990,000—approximately $6.55 per gross land square foot. This ±13.99-acre property fronts Prado Road near South Higuera Street, across from the Serra Meadows neighborhood and near established commercial businesses and SLO Public Market. The location places the property within the broader south-city growth area, with access to downtown, Highway 101, and the regional airport through the surrounding road network. Previously entitled for a commercial business park, the property has a history of planning for office and light-industrial development. Approximately ±11.11 acres were identified as usable under former plans; current usable area and development potential are subject to independent verification. Offered as raw land with no current project entitlements. Prior approvals have expired, and historical plans are for reference only. Buyer is responsible for all due diligence, including zoning, permitted uses, environmental conditions, wetlands and drainage, easements, airport restrictions, access, utility and sewer availability and capacity, development costs, and all required approvals.
Margarita, located between U.S. 101 and the Santa Lucia foothills, is a residential and light-industrial San Luis Obispo neighborhood with broad valley views and a working-ranch backdrop. The neighborhood’s character concentrates around the Madonna Road and LOVR corridor, where car lots, service shops, and big-box errands meet steady commuter flow. Housing leans practical—single-story tracts, small-lot streets, and pockets of older ranch-era parcels. Madonna Inn and the adjacent Madonna Plaza act as local landmarks for dining, shopping, and a distinctly SLO sense of kitsch. Damon-Garcia Sports Fields and nearby trailheads set an outdoors-forward rhythm. The airport and business parks keep the area active on weekdays, while open space frames the edges.
Provided by Walk Score and Local Logic
Property details
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HOA & community
Rural community
Electricity and solar
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Vacant Land
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San Luis Obispo County
APN
053441009
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Last updated by owner on Jun 20, 2024.
BP
SAN LUIS OBISPO PLANNING AREA
SAN LUIS OBISPO SUB AREA NORTH
INLAND AREA
SAN LUIS OBISPO SUB AREA NORTH
SAN LUIS OBISPO PLANNING AREA
INLAND AREA
Business Park Zone
The BP zone is intended to provide for research and development, light manufacturing, and business services in a campus setting with high-quality design of public and private facilities. The BP zone standards apply to properties outside of specific plan areas. Where the Airport Area Specific Plan, Margarita Area Specific Plan, and any other specific plans apply to properties zoned BP, the applicable specific plan standards shall govern.
Zone overlays
Permitted uses
Include but are not limited to:
Manufacturing
Research & development
Park & open space
Historical weather
San Luis Obispo, CA • 93401
Average low and high temperatures (°F)
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Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in San Luis Obispo. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 400 Prado
$3,413,323
$487K under list price of $3.90M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $1.8M.