514 38th St, Paso Robles, CA 93446

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514 38th St is located in Paso Robles, CA.

DEVELOPMENT OPPORTUNITY ON PASO ROBLES’ DESIRABLE WESTSIDE! Here is a rare opportunity to acquire a ready-to-build 14 unit Planned Unit Development (PUD), on the Westside of town. Located at edge of city limits in the NorthWest corner of Paso Robles, this 1+/- Acre site includes all entitlements, full construction documents AND ready to pick up permits for 14 Spanish influenced townhouse style units. Extensive design consideration and attention was given to this project, which will yield a very attractive finished product in an already strong entry-level market. All units are market rate (no inclusionary housing requirements), and the city fees to pick up the approved permits are based on lower rates than are currently available. The existing 3 bedroom home provides a solid income source until you break ground.

Not looking to do a residential development?! Consider resubmitting for approvals on a high density multi-family project? The location is ideal for new units. Build to keep, or possibly sell off new 3-plex or 4-plex buildings….or as MF lots!? As you may be aware, there is very limited inventory and high demand for Multi-family units in Paso Robles.