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$3,900,000
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Property Description
Lot 9 of San Luis Ranch, a thoughtfully planned community, offers a unique opportunity for a highly visible site from the freeway, centrally located in the highly sought-after area of San Luis Obispo. San Luis Ranch features 580 homes, an additional 299 future units, a 200-room hotel, an organic farm and marketplace, all providing a range of amenities to complement the site. The Prado Road freeway overpass connecting Dalidio Road at San Luis Ranch to Prado Road on the east side of Highway 101, along with other major road connections, also makes this location incredibly accessible.
Property: 3.59 Acres Gross (156,380 SF). Maximum Building Size: 75,000 SF. Zoning: Neighborhood Commercial. Allowable Uses: Retail, Office, Medical (see the chart for a full list). Site Condition: Completed offsites and Blue Top pad. Rent: Contact broker for rates. Lease Type: NNN. TI Allowance: Negotiable. * Ownership may be willing to divide into 2 or 3 parcels. * Ground lease options available
Full Property Details
Full Property Details for 2040 Prado Rd
General
- Price: $3,900,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: PI25137660
- Updated: 1/8/2026
- Days on Market: 216 days
- Added to Site: 217 day(s) ago
Location
- Area: SLO - San Luis Obispo
- County: San Luis Obispo
- Development Name: SLO - San Luis Obispo
- Subdivision: San Luis Obispo(380)
- Driving Directions: Madonna or Froom Ranch to Prado
Utilities
- Water: Public
Lot Features
- Property View: Hills
- Lot Size (Acres): 3.59
- Lot Size (Sq. Ft.): 156,380
- Lot Size Source: Assessor
- Zoning: NC
- Lot Description: Curbs, Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $24.94
Listed by Hart Commercial Real Estate, Jason Hart
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Schools
Schools serving 2040 Prado Rd
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Smith (C. L.) Elementary School 1375 Balboa Street, San Luis Obispo, CA 93405 | K-6 | 0.8 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 1.3 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2040 Prado Rd
Date
Details
Price
Change
Source
6/19/2025
Listed
$3,900,000
69.57%
MLS
12/24/2024
Sold
$2,300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2040 Prado Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$52,906
413%
$4,800,000
414%
2024
$10,323
2%
$934,113
2%
2023
$10,137
7%
$915,798
2%
2022
$9,501
2%
$897,842
2%
2021
$9,329
—
$878,238
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2040 Prado Rd
2040 Prado Road, San Luis Obispo, CA 93401 (MLS# PI25137660) is a Lots/Land property with a lot size of 3.5900 acres. 2040 Prado Road is currently listed for $3,900,000 and was received on June 19, 2025. Want to learn more about 2040 Prado Road? Do you have questions about finding other Lots/Land real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.

