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$4,595,000
Est. payment /mo
0.57 Acres Lot
UPDATED:
12/05/2024 05:15 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS24235150
HOA Y/N No
Year Built 1922
Lot Size 0.574 Acres
Property Description
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.
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Zoning TC-1
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Community Features Park
Present Use Commercial,Investment
Building
Lot Description Near Park, Near Public Transit, Street Level
Story 1
Water Public
Others
Tax ID 009045004
Special Listing Condition Standard
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Listed by Scott Ehrke • RE/MAX Success • 805-391-0509
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935