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1145 Niblick Rd
Paso Robles, CA 93446
Religious Facility on Subdividable 3.45AC · Specialty Property For Sale
·
4,970 SF
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Religious Facility | Year Built | 1970 |
| Lot Size | 3.43 AC | Parking Ratio | 3.82/1,000 SF |
| Building Size | 4,970 SF | ||
| Zoning | R-1 | ||
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Lot Size | 3.43 AC |
| Building Size | 4,970 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 3.82/1,000 SF |
| Zoning | R-1 |
ABOUT 1145 NIBLICK RD , PASO ROBLES, CA 93446
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’re not a user yourself, consider what 60-80K/year in rental income would do for your investment portfolio…. 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 at $1.25/SF modified GROSS. Call for more details.
PROPERTY TAXES
| Parcel Number | 009-566-042 | Improvements Assessment | $9,474,139 |
| Land Assessment | $1,246,754 | Total Assessment | $10,720,893 |
PROPERTY TAXES
