618 12Th StPaso Robles, CA 93446

Property Details for 618 12Th St

Year built

1958

Construction

TILT-UP CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,300 SF

Zone code

TC1

Property type

Retail space

APN

009-093-055

APU

9093055

Description

This 2,300 square foot storefront, located at 618 12th Street in Paso Robles, California, presents a unique investment opportunity. Situated on a 3,150 square foot lot just steps from City Park, this property boasts a highly desirable downtown location. The building, constructed in 1958, features floor-to-ceiling windows showcasing its prime frontage on 12th Street, attracting pedestrian traffic. Inside, you'll find updated flooring, modern track lighting, and an open floor plan ideal for a variety of retail uses. Ample storage is provided by two storage rooms in the rear, along with a convenient break room. A covered carport offers two parking spaces, with potential for expansion by removing existing storage sheds, plus an additional uncovered space. The property is zoned TC1 (Town Center), and a second APN is included in the sale, offering potential for future expansion or redevelopment. Buyer is responsible for verifying all zoning and expansion possibilities with the City of Paso Robles. Currently vacant, this turn-key property is priced at $1,600,000 ($695.65 per square foot) and is ready for immediate occupancy. The property's features include a modern open floor plan, updated flooring, and ample storage. The building's location and zoning provide significant potential for growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $479,312

  6.5%

  $442,442

  7%

  $410,839

• Comparable approach

  Method

  Valuation

  Relative Method

  $769,652

  Geo Method

  $1,616,562

• Alternative Use

  Use

  Valuation

  Residential

  $373,216

  Hospitality

  $341,864

  Educational

  $284,427

  Medical

  $294,209

  Retail

  $442,442

Location Insight

City

Paso Robles

County

San Luis Obispo

State

California

Latitude

35.6264

Longitude

-120.692

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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