$895,000
INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a unique three unit, mixed-use building in historic San Miguel. Located on the main corridor thru downtown San Miguel, this income offering is just a handful of blocks north of the historic Mission San Miguel. Built only 20 years ago, this newer mixed-use building includes over 2,700 SF of downstairs commercial/retail space, together with two (2!) well-designed 2 bedroom, 2 bath residential apartments. Imagine the possibilities here - this is an ideal property for a 1031 exchange (currently 100% rented, generating over $5,000/month in income). But it could also be well suited for an owner-user who could have their business 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 with 9 ft vaulted ceilings, plenty of recessed can lighting, A large indoor laundry, plenty of storage, and outdoor balconies on the front and back side of each unit. There is plenty of street parking, as well as a parking area in the back accessed via an alley easement. All three units have brand new HVAC systems just installed in 2026. Growth in San Miguel has been good, and a new 180-unit development has been approved less than a mile away from this property. Could this be your next investment opportunity?!
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Listed by Scott Ehrke with GUIDE Real Estate (805) 237-4060
Property Type
Mixed Use
Status
Active
MLS Number
NS26091181
Year Built
2008
Lot Size
3,498 sq ft