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800 11th St 10,500 SF 40% Leased Office Building Paso Robles, CA 93446 $6,874,800 CAD ($654.74 CAD/SF)
Investment Highlights
- Approved hotel and remodel plans included.
Executive Summary
Location, Location, Location!!! Unbelievable opportunity to own a nearly 1/2 acre parcel with almost 11,000 square feet of improved building on the downtown park of Paso Robles. Property has been recently approved for a 18,000+/- mixed use retail/hotel development along with the existing 4700+/- square foot restaurant which is currently leased. Approved mixed use plans consists of commercial units of 2330, 1350 and 1060 square feet along with 12,000+/- square feet of hotel featuring 12 two bedroom - two bath units with private balconies, living/dining areas and a shared parking lot. Also, plans have been approved to remodel the existing building which would produce three leasable units of approximately 2900 square feet, 1350 square feet and 1250 square feet. Property also has a private/gated parking lot of 21 stalls. This prime location, located on the south side of the downtown city park of Paso Robles, is the epicenter of everything Paso Robles featuring restaurants, wine tasting, boutique shopping, movie theater and so much more. Premium properties like this seldom become available. Do not miss the opportunity to buy this approved development property!!
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Office
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built
1970
Price
$6,874,800 CAD
Price Per SF
$654.74 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,500 SF
Building FAR
0.51
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
TC-1 - Town Center Commercial-General Retail
Parking
24 Spaces (2.29 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Real Estate
- -
- $33.00 CAD
- Triple Net
- Jul 2022
Berkshire Hathaway HomeServices est un réseau de franchises de courtage immobilier conçu pour le marché immobilier d'aujourd'hui. Leur marque est fière de servir tout le monde, des acheteurs d'une première maison aux clients à la recherche d'une nouvelle maison parfaite. Lorsque les clients travaillent avec eux, ils peuvent toujours s'attendre à ce que des membres du réseau soient des experts locaux sur terre qui s'efforcent de fournir aux clients le meilleur service, les compétences et le meilleur soutien possible.
- Catch Seafood Bar & Grill
- Accommodation and Food Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Real Estate | - | $33.00 CAD | Triple Net | Jul 2022 | |
| Catch Seafood Bar & Grill | Accommodation and Food Services | - | - | - | - |
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 009-104-001 | Improvements Assessment | $1,628,926 CAD |
| Land Assessment | $2,395,490 CAD | Total Assessment | $4,024,416 CAD |
Property Taxes
Parcel Number
009-104-001
Land Assessment
$2,395,490 CAD
Improvements Assessment
$1,628,926 CAD
Total Assessment
$4,024,416 CAD
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800 11th St
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