Asking Price: $2,300,000

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.