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  » 205 Oak Hill Rd. Paso Robles, CA 93446

2 Land AUCTIONS in Paso Robles, CA

Ordered Liquidation Sale

Live, Onsite AUCTIONS on August 18th @ 12 noon! 

1.83 Acre Mixed-Use Entitled Residential Parcel. Appraised for $925,000... Suggested Opening Bid ONLY $500,000! 

16,586 sq. ft. Mixed-Use Commercial Parcel. Appraised for $500,000... Suggested Opening Bid ONLY $250,000!

 

Map: 205 Oak Hill Rd. Paso Robles, CA 93446


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Land Information...

The properties are part of a partially completed 6-lot mixed-use commercial/residential development known as The Highlands.  

Parcel 2 of Parcel Map 07-0146 (APN 009-814-048) is a ±1.83 acre (±79,090 square foot) vacant parcel with approval for development of a 28-unit residential condominium project. 

Lot 6 of Tract 2745 (APN 009-814-042) is a ±16,586 square foot vacant parcel lot with approval for development of a ±5,000 square foot commercial/office building.

Zoning - The subject lots are designated as RC/MU (Regional Commercial/Mixed-Use) under the City's Zoning Ordinance and General Plan.  This designation allows a wide array of general retail and service commercial uses, as well as financial services, professional office uses, and personal service uses.  The subject property has Planned Development (PD) approval that allows development of the existing/proposed mixed-use development, including retail/office, residential and church uses within the project.  The allowed mixed uses on the subject parcels appear to be in compliance with applicable zoning requirements.

Businesses in the area and Demographics...

You could own property in the Premier Regional Shopping District of Paso Robles!  Businesses in the area include: Wal-Mart, Kohl's, Staples, Edward Jones, Long's Drug, JC Penney, Cider Creek Bakery, Kennedy Fitness, Payless Shoes, AT&T Wireless, Albertsons, Chase Bank, Jamba Juice, Panda Express, Chino's Rock and Tacos, Subway, McDonald's, Carl's Jr., Taco Bell, and many more!

Demographics within a 5 mile radius: Population... 36,096 (approx.), Average Household Income... $63,295 (approx.).  Prominent tenant building signage available, excellent freeway access, close proximity to residential, retail and schools, traffic counts are approximately 30,000 cars per day.

Requirements to Bid...

  • $50,000 (1.83 acre parcel) cashier's check made payable to Elite Auctions
  • $30,000 (16,586 sq ft parcel) cashier's check made payable to Elite Auctions
  • 45 days to close escrow (anytime within the 45 days)

Directions...

Heading North on Hwy 101 exit at Spring St., head east onto Niblick Rd.  Turn south onto S. River Rd. then east onto Oak Hill Rd.  Heading South on Hwy 101 exit at 16th St., take slight left at Riverside Ave., take first left onto 13th St., continue onto Creston Rd., turn right onto S. River Rd., then right onto Oak Hill Rd.  The properties are on the north side of Oak Hill Rd. in The Highlands Shopping Center.

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Bidder's Package Items (Please allow a few moments to download):  

Printable Spec Sheet

How to Bid

Contents of Bidder's Package

Site Overview Plan

Multi-Family Building Plans

Grading Plans

Detailed Appraisal Report Upon Request! Click Here for Appraisal Signature Sheet


The properties will be auctioned at 12 noon Wednesday, August 18, 2010 - The properties can be viewed any time prior to the auction.  Auctioneer will arrive 1 hour prior to Auction. All auctions are held rain or shine!

Please Consider this your personal invitation to participate in this Premier Real Estate Auction.  All prospective buyers are encouraged to preview and inspect the property prior to Auction date.  Call Elite Auctions for complete details at (661) 325-6500. 

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AUCTION TERMS:  All prospective buyers must register to bid.  A $50,000 (1.83 acre parcel) / $30,000 (16,586 sq ft parcel) Cashier's check or certified check payable to Elite Auctions will be required to bid at the auction.  If both parcels are bid on by the same bidder then a Cashier's check for $50,000 and $30,000 will be required.  The successful bidder will be required to deposit a $50,000 (1.83 acre parcel) / $30,000 (16,586 sq ft parcel) non-refundable payment in Broker’s Trust Account until time of closing. A 10% Buyer's Premium will be added to final bid and included in total contract price.  Closing will take place within forty-five (45) days of the auction.  A Grant Deed will be supplied by the seller at seller’s expense, giving marketable title subject to restrictions of record.  Taxes are prorated.  Preview of the properties is essential. Properties are being sold in “as-is, where-is” condition.  Properties will be sold subject to easements, restrictions, zoning and other matters of record.  A package of information has been assembled for the properties.  Announcements made from podium at the time of auction take precedence over all printed material.  Conduct of auction and increments of bidding are at the discretion of Elite Auctions.  Elite Auctions reserves the right to deny any person admittance to the auction.  Broker Participation Invited: Subject to established Elite Auctions guidelines.  All information in this brochure was derived from sources believed correct, but is not guaranteed.  ALL PROPERTY MEASUREMENTS ARE APPROXIMATE.  It is Buyer’s responsibility to verify all property specifications (including zoning and permits) prior to the auction date. Elite Auctions is an agent of the seller.