841 21st St
Paso Robles, CA 93446
Small Development Opportunity in Paso Robles · Land For Sale
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0.15 AC
Investment Highlights
- Desirable T4-F Zoning (Allows Mixed-Use)
- Existing Building is Red-Tagged
- Property is in a 'Qualified Opportunity Zone'
- Being Sold for LAND VALUE ONLY
- Perfect Small-Scale Development Opportunity
- NOTE: Loopnet Map Shows Incorrect Location
Property Facts
Description
Not only is this well located 6,500 SqFt lot optimally zoned T4-F, but it is also in the federally designated IRS Opportunity Zone, providing some incredible tax saving opportunities to keen developers. The desirable T4-F zoning provides ultimate flexibility in allowing commercial, multi-family residential or a blend of both in a mixed use arrangement. Based on the zoning density, this site should be able to accommodate 4-5 residential units (plus the possibility of even higher density within ADU allowances), or commercial on ground level with residential units above, sharing parking as is allowed with mixed-use development. So many options here! Be aware, the old 1940's era structure is unsafe and condemned by the city (unreinforced masonry construction). It must be removed, so no value given to any existing improvements, and therefore being offered at land value only (and please note there is no water or sewer meter that conveys with this parcel).
Property Taxes
| Parcel Number | 008-227-011 | Improvements Assessment | $0 |
| Land Assessment | $244,494 | Total Assessment | $244,494 |
Property Taxes
