1135 Niblick Road, Paso Robles, CA 93446 US Paso Robles Land for Sale

1135 Niblick Road, Paso Robles, California

Property Details

Inactive

$1,295,000

Listing Information

  • MLS: NS18219615
  • Lot Size: 3.45

Property Description

ATTENTION LAND DEVELOPERS! This ideally located Paso Robles infill opportunity offers 3.45± acres on Niblick Road, less than a quarter mile to multiple schools, grocery stores, restaurants, and even Paso Robles Golf Club! Surrounded by existing subdivisions (on three sides), this nearly level site provides the perfect canvas for a 12+/- residential development - all the while keeping the existing church structures (addressed at 1145 Niblick Rd) on their own 25k-30k parcel for separate sale or lease! One could even also consider a higher density with a general plan amendment, providing for the possibility of doubling the lot count (if approved by the city of Paso Robles). And unlike most land development projects, this site offers the possibility of leasing the existing improvements to another church (or possibly a child care or pre-school facility?) for 60k-80k in annual income while developing the land for sale and/or build-out (we have a letter of intent in hand for 72K/year to a child care/pre-school facility). The potential offered by this site create a one-of-a-kind development opportunity not to be missed! Priced has just been reduced $200,000 to a very realistic price of $1,295,000! Remember, if you split off the 'improved' portion for separate sale, you could be looking at a land acquisition value of the undeveloped portion for under 50K/paper lot!! Where else can you find this today ? especially on an infill site that the city of Paso Robles is very supportive of!

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Contact Information

Real Team 360
RE/MAX Parkside Real Estate - BRE #01421338
1213 Vine Street
Paso Robles CA 93446
Office: (805) 238-1555