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Key Details
Sold Price $590,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NS23151966
Sold Date 09/20/23
HOA Y/N No
Year Built 1951
Lot Size 5,998 Sqft
Property Description
Presenting an exceptional investment opportunity, we are proud to introduce a prime commercial building for sale situated on the vibrant Vine Street, adjacent to the heart of Downtown Paso Robles. This coveted property is currently under a lease agreement with the esteemed Edward Jones, a tenant that has been a part of this location since July 1, 2009. The ongoing lease arrangement is valid until June 30, 2024, with the current monthly payment from the tenant set at $2,637.29. Notably, an option also exists for them to prolong their lease for an additional 5 years, further emphasizing the desirability of this investment.
Encompassing approximately 1,301 square feet, this building stands prominently on a generous 6,000 square foot lot, boasting a T-3F zoning that not only accommodates commercial use but also allows for residential utilization. This versatile feature adds an extra layer of potential value to the property. Seize this opportunity to secure a remarkable investment with established tenancy and the potential for long-term gains in a strategic and well-connected location.
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 5
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 009093045
Financing Cash
Special Listing Condition Standard
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Bought with Joanie Williams • RE/MAX Parkside Real Estate