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Elite Real Estate Group
info@elitereg805.com$895,000
Est. payment /mo
3,497 Sqft Lot
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS26091181
HOA Y/N No
Year Built 2008
Lot Size 3,497 Sqft
Property Sub-Type Mixed Use
Property Description
INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a newer three unit, mixed-use building in the desirable Paso Robles Wine Region. Located on the main corridor in downtown San Miguel (9 miles North of Paso Robles), this income offering is short walk North of the historic Mission San Miguel. Built just 20 years ago, this newer mixed-use building includes over 2,700 SF of ground-level commercial/retail space, together with two (2!) well-designed 2 bedroom, 2 bath residential apartments upstairs. Imagine the possibilities here. This is an ideal property for a 1031 exchange - currently 100% rented, generating over $5,000/month in income with long-term tenants (of 7 to 13 years). However, because each tenant is now on month-to-month agreements in anticipation of the sale, the building is also well suited for an owner-user who could have their business operations downstairs, occupy one of the two upstairs apartments, and rent out the other one for additional monthly income. The downstairs commercial space has high ceilings (10 - 12') and could potentially be split into two separate commercial units. Upstairs, you'll quickly realize these are not your average, run-of-the-mill apartments. Inside each unit you'll find open floorplans, 9 ft volume ceilings, recessed can lighting, spacious laundry rooms and lots of storage. You'll also find outdoor balconies on the front and back side of each unit (one off the living area and another off the primary bedroom of each unit). There is plenty of street parking, as well as a parking area in the back accessed via an alley easement. The entire building is fire sprinklered, and all three units have brand new HVAC systems just installed in 2026. The replacement cost of a building of this caliber is nearly 2X the asking price! Growth in San Miguel has been steady, and a new 180-unit development has been approved less than a mile away from this property. Could this be your next investment opportunity?!
Location
State CA
County San Luis Obispo
Area Smig - San Miguel
Interior
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Roof Type Composition
Building
Lot Description Near Public Transit, Sprinkler System, Street Level
Story 2
Water Public
Others
Tax ID 021141012
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Scott Ehrke GUIDE Real Estate 805-391-0509, DRE #01012637
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