Downtown Paso Robles Commercial Income | 1306 Pine St
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Downtown Paso Robles Commercial Income 1306 Pine St
10,000 SF 100% Leased Retail Building Paso Robles, CA 93446 £3,630,096 (£363/SF)
Investment Highlights
- Largest Downtown Paso Robles Parcel Offered in Over a Decade
- Seven Leased Spaces (6 of the 7 Tenants Have Been Over 10 Years)
- One of the Highest Traffic Counts in Downtown Paso Robles
- 10,000 SqFt Total (2 Buildings of 5,000 SqFt Each) + Small Kiosk
- Generates Over $15,000 /Month in NNN Income (Easily Increased)
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1922/1986
Price
£3,630,096
Price Per SF
£363
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.40
Land Acres
0.57 AC
Opportunity Zone
Yes
Zoning
TC-1 - TC-1 is the most desirable downtown zoning, allowing for retail, restaurant, hospitality and mixed-use residential. A Zoning Matrix is attached.
Frontage
525 ft on 13th, Pine & Railroad St
Amenities
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 009-045-004 | Improvements Assessment | £1,101,164 |
Land Assessment | £847,049 | Total Assessment | £1,948,214 |
PROPERTY TAXES
Parcel Number
009-045-004
Land Assessment
£847,049
Improvements Assessment
£1,101,164
Total Assessment
£1,948,214
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Downtown Paso Robles Commercial Income | 1306 Pine St
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