Property Detail

1470 Mission

San Miguel CA 93451

$895,000

Status: Active

Property Details

Description

INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a newer three unit, mixed-use building in the desirable Paso Robles Wine Region. Located on the main corridor in downtown San Miguel (9 miles North of Paso Robles), this income offering is short walk North of the historic Mission San Miguel. Built just 20 years ago, this newer mixed-use building includes over 2,700 SF of ground-level commercial/retail space, together with two (2!) well-designed 2 bedroom, 2 bath residential apartments upstairs. Imagine the possibilities here. This is an ideal property for a 1031 exchange - currently 100% rented, generating over $5,000/month in income with long-term tenants (of 7 to 13 years). However, because each tenant is now on month-to-month agreements in anticipation of the sale, the building is also well suited for an owner-user who could have their business operations downstairs, occupy one of the two upstairs apartments, and rent out the other one for additional monthly income. The downstairs commercial space has high ceilings (10 - 12') and could potentially be split into two separate commercial units. Upstairs, you'll quickly realize these are not your average, run-of-the-mill apartments. Inside each unit you'll find open floorplans, 9 ft volume ceilings, recessed can lighting, spacious laundry rooms and lots of storage. You'll also find outdoor balconies on the front and back side of each unit (one off the living area and another off the primary bedroom of each unit). There is plenty of street parking, as well as a parking area in the back accessed via an alley easement. The entire building is fire sprinklered, and all three units have brand new HVAC systems just installed in 2026. The replacement cost of a building of this caliber is nearly 2X the asking price! Growth in San Miguel has been steady, and a new 180-unit development has been approved less than a mile away from this property. Could this be your next investment opportunity?!

Map Location

Listing provided courtesy of Scott Ehrke of GUIDE Real Estate. Last updated 2026-04-30 08:42:04.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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