800 11th. Street, Paso Robles, CA 93446

$4,500,000

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List Price
$4,500,000
Price Change
▼ $500,000 1784346873
Status
ACTIVE
MLS#
NS26092844
Year Built
1941
Lot Size
20,150
Acres
0.46
Lot Location
Level, Rectangular Lot, Street Level
Days on Market
87
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Location, Location, Location!!! Unbelievable opportunity to own a nearly 1/2 acre parcel with almost 11,000 square feet of improved building on the downtown park of Paso Robles. Property has been recently approved for a 18,000+/- mixed use retail/hotel development along with the existing 4700+/- square foot restaurant which is currently leased. Approved mixed use plans consists of commercial units of 2330, 1350 and 1060 square feet along with 12,000+/- square feet of hotel featuring 12 two bedroom - two bath units with private balconies, living/dining areas and a shared parking lot. Also, plans have been approved to remodel the existing building which would produce three leasable units of approximately 2900 square feet, 1350 square feet and 1250 square feet. Property also has a private/gated parking lot of 21 stalls. This prime location, located on the south side of the downtown city park of Paso Robles, is the epicenter of everything Paso Robles featuring restaurants, wine tasting, boutique shopping, movie theater and so much more. Premium properties like this seldom become available. Do not miss the opportunity to buy this approved development property!!

Additional Information

Heat
Forced Air, Natural Gas
Cooling
Yes
Cooling Description
Central Air
Exterior Construction
Stucco
Roof
Flat
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$112,743

Listing courtesy of Listing Agent: Ron Mullins Jr. (sold@ronmullins.com) from Listing Office: RE/MAX Parkside Real Estate.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.