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Elvida Salazar

elvida.myagent@gmail.com +1(760) 801-9758

$2,300,000

Est. payment - /mo

11.88 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Pr City Limits East(110)

MLS Listing ID NS25035622

HOA Y/N No

Lot Size 11.880 Acres

Property Description

PASO ROBLES LAND DEVELOPMENT OPPORTUNITY! This well located 11.8 acre parcel awaits your imagination & future development. Currently zoned R3-PD (with a senior housing overlay). The site was previously approved for a 125 unit senior development (those entitlements expired in 2018), although the City of Paso Robles would certainly reconsider a similar senior project. But this site has many other possibilities, as the City has indicated that they would consider re-zoning proposals to either a lower density residential zoning or even increased density zoning depending on the use proposed. And per a city planner, removing the senior housing overlay is also a possibility, depending on the elements of a proposed new project. Gentle, rolling topography and limited traffic impact off Golden Hill Road provide a peaceful setting, which is further enhanced by the adjacent and picturesque Chandler Ranch. Quality homes are located on either side of the land, and the site is easily accessed from both Hwy 46E and the vibrant downtown Paso Robles... yet it maintains a distinctly rural feel. Consider a 55+ residential development, yielding homes priced between the Sierra Bonita/Turtle Creek developments and much more expensive Traditions, Vintage and new Trilogy project (currently under construction). A few conceptuals will follow next week to illustrate just a few of these ideas. As an added bonus, there is an existing 3 bedroom 2 bath 1,400SF home that is currently rented and will provide some permit credits and rental income until your new project breaks ground.

Location

State CA

County San Luis Obispo

Area Pric - Pr Inside City Limit

Zoning R3-PD

Interior

Inclusions Design work, engineering and reports from prior development pursuits

Fireplace No

Exterior

Fence Wire

Community Features Rural

Utilities Available Electricity Connected, Other

View Y/N Yes

View Panoramic, Pasture

Present Use Agricultural,Residential,Single Family

Building

Lot Description Irregular Lot, Rolling Slope, Value In Land

Sewer Septic Tank

Water Well

New Construction No

Others

Senior Community No

Tax ID 025366030

Acceptable Financing Cash to New Loan, Owner May Carry, Submit

Listing Terms Cash to New Loan, Owner May Carry, Submit

Special Listing Condition Standard

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Listed by Scott Ehrke RE/MAX Success 805-391-0509, DRE #01012637

Nearby Locations

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Elvida Salazar

+1(760) 801-9758

Realtor® | Property Management Specialist License ID: DRE# 01775858

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2450 Golden Hill RD Paso Robles, CA 93446

Elvida Salazar

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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