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$ 730,000
Est. payment /mo
Price Dropped by $95K
1200 Mission San Miguel, CA 93451
1.88 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Pr San Miguel-Town(200)
MLS Listing ID NS25247141
Lot Size 1.884 Acres
Property Sub-Type Lots/Land
Property Description
Presenting an AFFORDABLE legacy investment opportunity, in the heart of Central Coast Wine Country! This amazing offering consists of twenty (20!) legal, buildable commercial/mixed-use lots (Tract 2995) in the downtown core of San Miguel. Located on Mission St, just a few blocks North of the historic San Miguel Mission, this property was thoughtfully designed around the creation of a new 'Downtown Plaza'. The project includes a pre-approved CUP (Conditional Use Permit) for attractive commercial/retail spaces, with a mixed-use element that allows medium density residential units thru-out the upstairs! The County of SLO may consider increased density of residential units (beyond just the upstairs) to accommodate market trends. Combining or reconfiguring lots to fewer, larger parcels is also an option. This bulk purchase = BIG SAVINGS, with all 20 parcels available here in bulk for only $36,500 per lot. The seller is also offering two smaller lot packages, of either 13 lots at $552,500 ($42,500/lot) or 7 lots for $297,500 ($42,500/lot) - 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
Direction Hwy 101 to San Miguel. Take Mission St exit, and proceed to downtown. Property is on east side of Mission, across from original
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 021221021
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Virtual Tour https://trimotionmedia.hd.pics/Mission-St
Listed by Scott Ehrke, DRE#01012637 GUIDE Real Estate