1145 Niblick Road

    Paso Robles, CA 93446
    • $1,295,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: NS18218956
    UPDATED: 59 min ago
    $1,295,000
    • 0
      BEDS
    • 3.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,970
      SQFT
    • $261
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    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 you+GGre not a user yourself, consider what 60-80K/year in rental income would do for your investment portfolio+G-. 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!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T23:27:26.377. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/87307911

    1145 Niblick Road Paso Robles, CA 93446

    • Price: $1,295,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: NS18218956
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.45
    Acres
    4,970
    SQFT
    $261
    $/SQFT
    Neighborhood:
    Pric - Pr Inside City Limit
    County:
    San Luis Obispo
    Area:
    Pric - Pr Inside City Limit
    Property Description
    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 you+GGre not a user yourself, consider what 60-80K/year in rental income would do for your investment portfolio+G-. 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!
    Exterior Features

    Fence YN Yes Fencing Partial Lot Features Level With StreetLot Shape-RectangularNear Public Transit Lot Size Source Assessor Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Cooling Central Cooling YN Yes Heating Central Furnace Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Specialty Building Area Units Square Feet Building Status Existing Business Type Church Country Us Inclusions Call Listing Agent For Written Outline Of items included And Excluded Prior To Writing An Offer Land Use Other Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Specialty Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Scott Ehrke of Re/Max Parkside Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T23:27:26.377. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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