CA > Paso Robles
Paso Robles, CA 93446,2432 Spring ST
Paso Robles, CA 93446,2432 Spring ST
Paso Robles, CA 93446,2432 Spring ST
Paso Robles, CA 93446,2432 Spring ST
Paso Robles, CA 93446,2432 Spring ST
Paso Robles, CA 93446,2432 Spring ST
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 1,500,000
Est. payment | /mo

1.12 Acres Lot

Save
$ 1,500,000
Est. payment | /mo
Save

1.12 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID PI24203288

HOA Y/N No

Year Built 1959

Lot Size 1.120 Acres

Property 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!

Location

State CA

County San Luis Obispo

Area Pric - Pr Inside City Limit

Zoning TC-2

Interior

Heating None

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

Present Use Commercial

Building

Lot Description 6-10 Units/Acre, Rectangular Lot

Story 1

Water Public

Others

Tax ID 008121013

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by CJ Hegney • Invest SLO • 925-314-5771
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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2432 Spring ST