Property Description

Downtown Commercial/Mixed-Use Building Lots! This offering consists of thirteen (13) 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 truly at the center core of downtown San Miguel. 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! In fact, a downtown Plaza was part of the design element for these lots, as you'll see illustrated in the attached conceptual designs. However, those CUP approvals will likely require modification by the County for this 13 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 entire Tract 2995 (20 lots) for $825,000 (see individual MLS entry). 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.

Property Features