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Listed by Scott Ehrke • GUIDE Real Estate
$ 297,500
Est. payment /mo
Active
1200 Mission Street San Miguel, CA 93451
0.55 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS-25247337
Lot Size 0.551 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Downtown Commercial/Mixed-Use Building Lots! This affordable offering consists of seven (7) legal, buildable commercial/mixed-use lots in the downtown core of San Miguel. Located on Mission St, just a few blocks North of the historic San Miguel Mission, these particular lots are right next to the San Miguel Fire Department. The overall project (Tract 2995, 20 lots) has a pre-approved Conditional Use Permit for attractive commercial/retail spaces, with a mixed-use element that allows medium density residential units thru-out the upstairs! However, that approval will likely require modification by the County for this 7 lot package, as it was originally designed for the 20 lot project in whole. The County of SLO may consider increased density of residential units (beyond just the upstairs) to accommodate market trends, or combining or reconfiguring the smaller lots to fewer, larger parcels. Have bigger ambitions? Consider buying the other 13 lots as a larger package at $585,000 ($45,000/lot), or even the entire Tract 2995 (20 lots) for $825,000 - see individual MLS entries for each. Invest in your future and help turn this historic town into the desirable bedroom community of the Paso Robles' that it deserves to be! Great 1031 Exchange opportunity for a land hold. Owner financing may be considered to qualified buyer with at least 30% down payment.
Location
State CA
County San Luis Obispo
Area Psor - Paso Robles
Zoning COMRTL,COMR
Exterior
Community Features Urban
View None
Building
Lot Description Level, Level with Street, Near Public Transit, Park Nearby, Paved, Value In Land
Sewer Public Sewer
Others
Virtual Tour https://trimotionmedia.hd.pics/Mission-St/idx