Greg Malik Real Estate

IQWeb_Description

Turn-Key Church Facility PLUS Development Land Opportunity! This 3.45 AC site has not been offered for sale in nearly five decades - but it is NOW available and the opportunity is irreplaceable! Interestingly, the attraction of this site does not solely lie in the eyes of land developers, as the opportunities for an existing (or start-up) church are equally intriguing, thanks to the nearly 5,000 SqFt of built-to-spec worship space (in 3 separate buildings). As to the buildings, you'll find 2,340 SF in the original Sanctuary building, plus an additional 1,190 SF in the Sunday School building, attached via a covered breezeway area. There is also a detached, conditioned modular building of approx. 1,440 SF, used by the church as a Fellowship Hall and meeting area. A true opportunist will make the best of both worlds, developing both residential parcels (estimated yield of 10-18 lots, subject to city approvals), all the while keeping the church structures on their own 1/2 AC site! Great for a user, but consider leasing these buildings to a church (or even a child care or pre-school facility?) - we'd estimate you could easily generate at least $1/SF NNN for the improvements here, generating approx. 60K in annual income while developing the land for sale and/or construction! The possibilities of this location and site are bountiful and ready for your vision! 3-D Virtual Tour of the 2,300+SF church sanctuary building plus a 40+ image traditional Virtual Tour are both attached!

IQWeb_Details

IQWeb_MLSNS17235908
IQWeb_StyleIQWeb_Industrial
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Days_on_Site306

IQWeb_Features

IQWeb_SQ_Feet4,970
IQWeb_Storys0

IQWeb_Market_Activity 93446

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IQWeb_Area_Information

IQWeb_StateCA
IQWeb_CountySan Luis Obispo
IQWeb_CityPaso Robles
IQWeb_Zip_Code93446
IQWeb_AreaPR Inside City Limit
Listing VS Median (in 93446)
Price:
$1,375,000
low | high
Med:
$459,900
100% of Average
SqFt:
4,970
low | high
Med:
1,708
100% of Average
$ / SqFt:
$277
low | high
Med:
$269
52.6739195231% of Average
On Site:
306
low | high
Med:
58
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: NS17235908
IQWeb_Listing_Provided_By:
Scott Ehrke  IQWeb_of  RE MAX Parkside Real Estate
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