Vacant Land $ 297,500

1200 Mission ST

San Miguel, CA 93451

  • 0.55 Lot Size
  • - Year Built
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.
Listed by GUIDE Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Vacant Land

    Listing Status Active

    Purchase Type For Sale

    Subdivision Pr San Miguel-Town(200)

    MLS Listing ID NS25247337

    HOA Y/N No

    Lot Size 0.551 Acres

  • Location

    State CA

    County San Luis Obispo

    Area Prne - Pr North 46-East 101

    Zoning COMRTL,COMR

  • Building

    Lot Description Level, Near Park, Near Public Transit, Paved, Street Level, Value In Land

    Sewer Public Sewer

    New Construction No

  • Interior

    Fireplace No

  • Exterior

    Community Features Urban, Park

    View Neighborhood, None

  • Others

    Senior Community No

    Tax ID 021221034

    Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit

    Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit

    Special Listing Condition Standard

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