For Sale
$1,500,000
2432 Spring StPaso Robles, CA 93446
6,528 SF Warehouse, Huge Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Versatile 48,787 sq ft property in Paso Robles with a ready-to-renovate industrial building and large developable rear lot.
- TC-2 zoning allows for flexible use, including residential or commercial redevelopment.
- Projected $2.00/sq ft NNN rent, generating $141,000+ annual NOI and a 7.05% cap rate, based on a $500,000 renovation budget.
- Significant upside potential from developing the rear lot into a multi-use residential or commercial compound with up to 50-foot-high buildings, including live-work units, rowhouses, and stacked dwellings.
Property Details for 2432 Spring St
- Property type
- Warehouses, Office properties
- Square Feet
- 6,528 SF
- Class
- C
- Year Built
- 1959
- Units
- 9
Location Insight
- City
- Paso Robles
- County
- San Luis Obispo
- State
- California
- Latitude
- 35.6400687
- Longitude
- -120.6920313
2432 Spring St, Paso Robles, California
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