1306 Pine St - Restaurant FOR SALE


Paso Robles, CA 93446
$4,595,000 USD
805-391-0509
1306 Pine St, Paso Robles, CA for Sale
$4,595,000 USD
Restaurant - FOR SALE
1/20
null | Request Cap Rate

1306 Pine St
Paso Robles, CA 93446


HIGHLIGHTS

  • Largest Downtown Paso Robles Parcel Offered in Over a Decade
  • 10,000 SqFt Total (2 Buildings of 5,000 SqFt Each) + Small Kiosk
  • Seven Leased Spaces (6 of the 7 Tenants Have Been Over 10 Years)
  • Generates Over $15,000 /Month in NNN Income (Easily Increased)
  • One of the Highest Traffic Counts in Downtown Paso Robles

OVERVIEW

Prime DOWNTOWN Paso Robles Commercial Offering! Opportunities like this don’t become available often. In fact, the last time this iconic multi-tenant commercial property was offered for sale was in the 1920’s when acquired by the current family ownership. The history here is truly captivating, from its pre-war years as the Paso Robles Ford dealership (the Twenty Millionth Ford Model A was delivered here!), through its current iteration hosting seven quality tenants providing dining, retail, coffee and wine tasting to the Paso Robles thriving downtown. The largest downtown parcel offered in over a decade, this site is uniquely situated on a street-to-street parcel fronting 13th Street, providing unmatched visibility and exceptional accessibility. What an incredible combination of having one of the highest traffic counts in all of the downtown, yet being just one block away from the Paso Robles City Park.... and with the optimal TC-1 zoning! While the location and history are truly remarkable, the income opportunity here is equally exciting. Tenants include Cowgirl Café, Sealed with a Kiss, LXV Wine Lounge, Spice of Life, Fresh Donuts, Slow Rush Coffee, plus a 2,000+ SF space formerly occupied by a bakery (now leased for storage by one of the existing tenants). Generous onsite and street parking ensures convenience for tenants and patrons alike. Full lease terms, rates, income and expense info, etc. available to qualified buyers (with signed NDA). Whether you’re looking for a prime location for steady, long-term income generation, or to reimagine its history and potential into a one-of-a-kind cornerstone holding, this property’s location and prominence make it an irreplaceable opportunity in Paso Robles’ vibrant and dynamic downtown.

FOR SALE DETAILS

PRICE

$4,595,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Paso Robles Commercial Income

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

TC-1

APN/PARCEL ID

009-045-004

ASK ABOUT THIS PROPERTY

Scott EhrkeRE/MAX SuccessMore Info
805-391-0509

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Scott EhrkeRE/MAX SuccessMore Info
805-391-0509

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.