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221 N Main St

1.53 Acres of Commercial Land Offered at $1,890,000 in Templeton, CA 93465

Investment Highlights

  • Current approvals for an 18,000 SF office/retail/residential project.
  • and an 8,000 SF medical or office building on Parcel 2
  • Special incentives include no traffic improvement fees and a stormwater retention waiver.
  • Among other options, preliminary studies indicate that a 10,000 SF medical or office building can be constructed on Parcel 1
  • Lots with allocated water units, and complete off-site improvements, a rarity in Templeton.
  • Includes approved building plans; Ready-to-develop!

Executive Summary

This is a rare opportunity to acquire two completed commercial lots, perfectly positioned near Downtown Templeton and Highway 101. The property has recently undergone a lot split, creating two highly desirable sized lots with water units suitable for owner-users and investors. These lots are ideal for a range of development possibilities, including medical, professional offices, retail establishments, or mixed-use projects.
Development Potential: Current approvals for an 18,000 SF office/retail/residential project. Among other options, preliminary studies indicate that a 10,000 SF medical or office building can be constructed on Parcel 1, and an 8,000 SF medical or office building on Parcel 2 or build your own custom building. Lots with allocated water units, and complete off-site improvements are a rarity in Templeton. Special incentives include no traffic improvement fees and a stormwater retention waiver. Includes approved building plans, for an 18,000 SF mixed use project, that are ready-to-develop.
Seller financing may be available!

Property Facts

Price $1,890,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Healthcare
  • Medical
  • Restaurant
Total Lot Size 1.53 AC

1 Lot Available

Lot

Price $1,890,000
Price Per AC $1,235,294
Lot Size 1.53 AC

This is a rare opportunity to acquire two completed commercial lots, perfectly positioned near Downtown Templeton and Highway 101. The property has recently undergone a lot split, creating two highly desirable sized lots with water units.

Description

This is a rare opportunity to acquire two completed commercial lots, perfectly positioned near Downtown Templeton and Highway 101. The property has recently undergone a lot split, creating two highly-desirable sized lots with water units suitable for owner-users and investors. These lots are ideal for a range of development possibilities, including medical, professional offices, retail establishments, or mixed-use projects. Development Potential: Current approvals for an 18,000 SF office/retail/residential project. Among other options, preliminary studies indicate that a 10,000 SF medical or office building can be constructed on Parcel 1, and an 8,000 SF medical or office building on Parcel 2, or build your own custom building. Lots with allocated water units, and complete off-site improvements are a rarity in Templeton. Special incentives include no traffic improvement fees and a stormwater retention waiver. Includes approved building plans, for an 18,000 SF mixed use project, that are ready-to-develop. Seller financing may be available!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
040-216-001
Land Assessment
$1,061,208
Improvements Assessment
$0
Total Assessment
$1,061,208

zoning

Zoning Code CR
CR
  • Listing ID: 30180240

  • Date on Market: 11/28/2023

  • Last Updated:

  • Address: 221 N Main St, Templeton, CA 93465

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