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$ 297,500
Est. payment /mo
Active
1200 Mission San Miguel, CA 93451
0.55 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 NS25247337
Lot Size 0.551 Acres
Property Sub-Type Lots/Land
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
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 021221034
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Virtual Tour https://trimotionmedia.hd.pics/Mission-St/idx
Listed by Scott Ehrke, DRE#01012637 GUIDE Real Estate