1470 Mission St, San Miguel, CA

Name: 1470 Mission St, For Sale in San Miguel - eXp Realty
Brand: GUIDE Real Estate
SKU: NS26091181
Price: 895000 USD

House

For Sale

Listed price in listed location currency (USD).

$895,000

000

MLS® NS26091181

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 4

Lot Size

Approx. Age 2008

MLS® Number NS26091181

Property Address: 1470 Mission St, San Miguel, CA, 93451-8525

Average square foot calculated using Size range provided by listing agent.

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?!

MLS® NumberNS26091181

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2008

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 28, 2026List Date

$895,000List Price

Commute

Commute

Starting Address

Destination Address

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