$1,500,000
( $229.78Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

2432 Spring Street,Paso Robles, CA 93446

Paso Robles, CA 93446

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Description

Unlock the potential of this versatile property in the heart of Paso Robles. This unique offering features a ready-to-renovate industrial steel building at the front of the lot and a large, flat parcel of land at the back, providing substantial development opportunity. With ample parking and a total of 48,787 sq ft, the TC-2 zoning allows for flexible use, whether maintaining its industrial character or redeveloping it into residential or commercial space. The property is positioned to generate $2.00/sq ft triple net (NNN) rent, supported by strong local comps, and offers an impressive $141,000+ annual NOI with a 7.05% cap rate. A fully stabilized underwriting plan includes a $500,000 renovation budget, and there's significant upside potential with the possibility of developing the back lot into a multi-use residential or commercial compound. Zoning permits a variety of building types, including live-work units, rowhouses, and stacked dwellings up to 50 feet in height. This property is perfect for investors seeking immediate rental income with long-term development prospects in one of Paso Robles' most desirable areas. Don’t miss this incredible opportunity to build and create value!

Details

MLS #PI24203288
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1959
Days On Site252
Listing Provided ByInvest SLO | Abel Contreras

Features

SQ Feet6,528
Story(s)1
Building(s)1
ZoningTC-2
Acreage1.12

Interior

HeatingNone
Heating Yes / NoNo

Exterior

Lot FeaturesSix To Ten Units Acre, Rectangular Lot

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Connected

Market Activity 93446

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Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000
StateCA
CountySan Luis Obispo
CityPaso Robles
Zip Code93446
AreaPRIC PR Inside City Limit
Listing VS Median (in 93446)
Price:
$1,500,000
low | high
Med:
$1,575,000
45% of Average
SqFt:
6,528
low | high
Med:
4,588
79.718137254902% of Average
$ / SqFt:
$230
low | high
Med:
$426
35.589123867069% of Average
On site:
252
low | high
Med:
277.500000
90.810810810811% of Average
Sourced by Back At You
Listing Updated: June 12, 2025 at 10:46:08 AM PDT
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