Unique opportunity to own 2.5 acres in the heart of the east village. This home has been owned by the same family for over 40 years. Amazing views from the home and yard at the top of the hill. There is a stand-alone, two-car garage at the bottom of the driveway and a two-car garage attached to the home. A small Barn is suitable for a horse or two. This property is zoned CR; "Commercial/Retail". Use codes are Commercial, Office, Residential/Mixed Use. The home needs renovations. There are restrictions to enlargement of the existing home. The structure cannot be increased in size by more than 25% of the existing size. According to San Luis Obispo County Planning Dept. this would require a minor use permit. This property is also in the Coastal Appeal-able Zone, which may require a public hearing for modifications. Buyer to consult with County Planning staff for more information.