3161 Linne Rd, Paso Robles, CA 93446

3161 Linne Rd Paso Robles, CA 93446

  • 212.88 Acres
  • Land Residential
  • For Sale

Summary Description

600+/- Unit Development in Beautiful Wine Country

Overview
The Olsen Ranch is located on Paso Robles' s east side, adjacent to existing residential developments and beautiful rolling vineyards. The property is part of the Olsen Ranch Specific Plan along with two other small land owners. The project allows for 673 units of which approximately 600 are designated for the Olsen property. The property can accommodate a variety of product types from multifamily to estate lots. The property has 3 existing homes, several Ag related structures and 2 wells.

Entitlement Summary
In 2003 the Olsen Ranch was annexed into the City of Paso Robles. The City contracted Moule & Polyzoides to create a specific plan and EIR for the properties which was completed in late 2007. The city then conducted a traffic study which was completed in 2009. The city will allow for the proposed 673 units but may allow for additional density depending on the proposed plan. The city has indicated that they will require reimbursement for some of the prior planning work already completed.

Seller will entertain various options including seller financing, a staged take-down, purchase option or sale of only the south portion of the ranch.

Location
Paso Robles is located approximately halfway between the cities of Los Angeles and San Francisco on the Salinas River north of San Luis Obispo, California. Simply "Paso , as it is referred to by locals, the is known for its hot springs, abundance of wineries, production of olive oil, almond orchards, and for playing host to the California Mid-State Fair.

The topography of the area consists of gentle rolling hills on the eastern half of the city, and foothill peaks which rise in elevation to the Santa Lucia Coastal Range on the west. The climate is defined by long, hot, dry summers and brief, cool, sometimes rainy winters. Paso Robles enjoys long-lasting, mild autumns and occasional early springs, giving the region a unique climate suitable for growing a variety of crops.

Paso Robles as a wine region has been gaining in popularity in recent years and has received a number of accolades, including being named Wine Enthusiast Magazine' s 2013 Wine Region of the Year. The Paso Robles American Viticultural Appellation (AVA) is home to more than 200 wineries and 32,000 vineyard acres focusing on premium wine production.

Property Status: Available

Price: $22,000,000.00

Lot Size: 212.88 Acres

Area Available: 212.88 Acres

Features:

  • Paso Robles is one of the fastest growing cities within the county
  • Need for new housing stock to meet growing market demand
  • One of only a few large properties able to be developed within the city
  • Sellers will entertain a variety of sale structures
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