1434 1436 Pine Street,Paso Robles, CA 93446
Paso Robles, CA 93446
Description
A rare downtown Paso Robles investment and redevelopment opportunity just two blocks from Downtown City Park. Located within a federally designated Opportunity Zone, this approximately 7,000 sq. ft. TC-2 zoned property offers a unique combination of rental income, central downtown location, and previously approved plans for future redevelopment. The existing improvements include three residential rental units with a mix of one- and two-bedroom configurations, generating approximately $70,680 in annual gross rental income. That income provides value during a buyer's planning and holding period while evaluating the next phase of the property. Previously approved plans envision a new four-unit residential project consisting of two +/- 1,500 sq. ft. 3-bedroom, 2.5-bath residences and two +/- 1,250 sq. ft. 2-bedroom, 2.5-bath residences, together with a subterranean four-car garage designed to accommodate up to eight vehicles with tandem parking. The redevelopment concept takes advantage of the site's downtown setting and dual frontage along Pine and Railroad Streets. Beyond the income and redevelopment potential, the location is a major part of the opportunity. Paso Robles' Downtown City Park, Michelin-starred restaurants, tasting rooms, shopping, and other amenities are all nearby, making this a site with both immediate utility and long-term growth potential. For an investor or developer looking for a downtown Paso Robles property with income in place, Opportunity Zone positioning, and an established redevelopment concept, 1434/1436 Pine Street offers a combination that is increasingly difficult to find.
Details
| MLS # | NS26193449 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 58 |
| Listing Provided By | COMPASS | Robert Sousa |
Features
| SQ Feet | 2,156 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Acreage | 0.16 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Combination, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Lap Siding, Stucco |
| Foundation Details | Pillar Post Pier, See Remarks |
| Lot Features | Sloped Down |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | Paso Robles |
| Zip Code | 93446 |
| Area | PRIC PR Inside City Limit |
| Community Name | PR City Limits West(120) |
| Listing VS Median (in PR City Limits West(120)) | |
Price: $945,000 low | high Med: $890,000 sqft: 2,156 low | high Med: 1,534 $ / sqft: $438 low | high Med: $580 On site: 58 low | high Med: 16 | |
Market Activity 93446
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Learn More About This Property
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | Paso Robles |
| Zip Code | 93446 |
| Area | PRIC PR Inside City Limit |
| Community Name | PR City Limits West(120) |
| Listing VS Median (in PR City Limits West(120)) | |
Price: $945,000 low | high Med: $890,000 sqft: 2,156 low | high Med: 1,534 $ / sqft: $438 low | high Med: $580 On site: 58 low | high Med: 16 | |
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