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INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a unique three unit, mixed-use building in historic San Miguel. Located on the main corridor thru downtown San Miguel, this income offering is just a handful of blocks north of the historic Mission San Miguel. Built only 20 years ago, this newer mixed-use building includes over 2,700 SF of downstairs commercial/retail space, together with two (2!) well-designed 2 bedroom, 2 bath residential apartments. Imagine the possibilities here - this is an ideal property for a 1031 exchange (currently 100% rented, generating over $5,000/month in income). But it could also be well suited for an owner-user who could have their business downstairs, occupy one of the two upstairs apartments, and rent out the other one for additional monthly income. The downstairs commercial space has high ceilings (10 - 12') and could potentially be split into two separate commercial units. Upstairs, you'll quickly realize these are not your average run-of-the-mill apartments. Inside each unit you'll find open floorplans with 9 ft vaulted ceilings, plenty of recessed can lighting, A large indoor laundry, plenty of storage, and outdoor balconies on the front and back side of each unit. There is plenty of street parking, as well as a parking area in the back accessed via an alley easement. All three units have brand new HVAC systems just installed in 2026. Growth in San Miguel has been good, and a new 180-unit development has been approved less than a mile away from this property. Could this be your next investment opportunity?!
| Last Updated | 4/27/2026 | Year Built | 2008 |
|---|---|---|---|
| Community | SMIG - San Miguel | County | San Luis Obispo |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | SMIG - San Miguel |
| LOT | 3498 sq ft |
| LOT DESCRIPTION | Near Public Transit |
| LOT DIMENSIONS | 3500 |
| STORIES | 2 |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/26 4:22 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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