Turn-Key Church Facility PLUS Development Land Opportunity! This 3.45 AC site has been under the same ownership for over 50 years. And it can now be YOURS! The value proposition of this property is really two-fold. On one hand, you have nearly 5,000 SF of improvements that could be either owner or tenant occupied (by a religious organization, or alternatively a school). On the other hand, you have over 3 acres of prime residential development land (estimated to yield approx. 12 conventional, single family lots). The R-1 zoning of this property does limit the uses of the existing buildings (churches, schools, residential care facilities and a select few others), but we estimate that one could lease out the existing improvements to a qualified user for 5k-7k/month (seller recently received an LOI from a child care facility for 6K/mo). If youre not a user yourself, consider what 60-80K/year in rental income would do for your investment portfolio. PLUS the the added value of 12+/- lots to either sell or build. And don't overlook the ideal location - within just a short walk to K-12 schools, shopping, dining, golf and more. The city of Paso Robles is very interested in working with a developer to streamline the process of subdividing this rare infill location! Ask about an income/value proforma and the potential of owner financing! Want to learn more? Check out the 3-D Virtual Walk-thru of each building plus the 45+ image traditional Virtual Tour! MAY also entertain a lease!

  • MLS# NS18218956
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Days On Site 46
SQ Feet 4,970
Story(s) 0
Listing Provided By:
Scott Ehrke  of  RE MAX Parkside Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $1,295,000
181.86%
$459,450 in 93446
this listing 4,970 SqFt
267.88%
1,351 SqFt in 93446
this listing $261 $/SqFt
28.48%
$364 $/SqFt in 93446
this listing 46 on site
63.05%
124.5 on site in 93446

Location

State CA
County San Luis Obispo
City Paso Robles
Zip Code 93446
Area PR Inside City Limit

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