??Two-Lot Commercial Development Site Between Downtown Templeton & Hwy 101 Listing Details & Market Data

Two-Lot Commercial Development Investment

For Purchase Separate or Together; Seller Financing Available!

Approved Project or Build-Your-Own Development Site

Project Summary

This is a rare and remarkable opportunity to acquire two completed commercial lots in Templeton, California, 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.

Project Highlights

> Includes current approvals for a + 18,000 SF office, retail, & multifamily residential project with 399' of Main St. frontage.

> Among other options, preliminary studies indicate that a 10,000 SF medical or office building can be constructed on Parcel 1, and a 8,000 SF medical or office building on Parcel 2.

> Lots with allocated water units, and complete off-site improvements, a rarity in Templeton.

> Special incentives include no traffic improvement fees and a stormwater retention waiver.

> Includes building plans for an approved, ready-to-develop commercial project, The Stockyards on Main.

Additional Developer Benefits!

221 Main Street currently has proposed concept plans as “The Stockyards on Main”. The site stands out as a unique property in Templeton, offering exceptional savings for prospective buyers. Unlike many other land developments in Templeton, this property is free from the usual challenges, such as limited water and sewer availability, County of SLO traffic fees, complex stormwater requirements, and costly offsite improvements. The Stockyards on Main overcomes these hurdles.

• Existing Water Units:
  The Stockyards on Main has secured 9 paid water units and 9 paid-for sewer units, confirming ample capacity for the approved development, with a total estimated value of $313,369 based on TCSD's unit cost.

• No Traffic Impact Fees:
  The Stockyards on Main minimies road improvement fees in Templeton, leveraging existing trip credits recognized by SLO Public Works. With an estimated 41 peak-hour trips and offsetting credits, the project saves potential buyers $346,942 at the County's current rate of $8,462 per Peak Hour Trip.
  

• Stormwater Retention:
  The Stockyards on Main holds a special waiver (PCR) exempting it from the County's current post-construction stormwater regulations, resulting in significant estimated savings of around $100,000 in site design and construction costs, offering a valuable advantage to potential developers/buyers.

• Completed On/Off-Site Improvements:
  With completed improvements, including roadway widening, turn lane additions, park enhancements, and utility line extensions, the project minimizes the need for modifications, streamlining the development process and translating into estimated savings of over $100,000 that potential developers/buyers would otherwise incur.