MLS® ID: 18-3526
102-240 Spring Street
PASO ROBLES, California, 93446 $11,595,000
The Grandview Apartments in Paso Robles offer an investor the rare opportunity to acquire and upgrade a sizable multi-family asset in a premiere California inland coastal location. The property is prominently situated on a 2.8-acre parcel at Paso Robles' ''Gateway'' corner, and enjoys a favorable ''Town Center'' commercial zoning designation. A new 140-room hotel is being constructed next door, and the area around the Grandview apartments is surrounded by newer commercial buildings and the recent refurbished Spring Street corridor leading to downtown Paso Robles a few blocks away. The location is also in a recently-designated ''Opportunity Zone'', part of the new Federal tax law, and providing a potential windfall capital gains exemption / elimination for the buyer, consult with CPA.