3548 Spring StPaso Robles, CA 93446

Property Details for 3548 Spring St

Year built

1963

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

4,838 SF

Zone code

T4F

Property type

Hospitality properties

Property subtype

Motels

APN

008-041-039

APU

8041039

Description

This exceptional turn-key hospitality property, the Wine Country Inn, presents a lucrative investment opportunity. Situated on a 0.39-acre lot (16,987 sq ft) at 3548 Spring St, Paso Robles, CA 93446, in San Luis Obispo County, this established motel boasts 15 keys within its 4,838 square feet. The property comprises two single-story buildings, originally constructed in 1963 and extensively renovated in 2023. The current owner enjoys a strong net operating income (NOI) of $243,305, translating to a compelling 6.78% cap rate. The asking price is $3,590,000, representing a price per key of $239,333.33. This well-maintained inn benefits from its location in a thriving wine country area, attracting a steady stream of visitors. The property's APN is 008-041-039. This is a fee-simple ownership opportunity. Prospective buyers are advised to schedule an appointment for viewing

• CAP approach

  CAP return

  Valuation

  6%

  $779,029

  6.5%

  $719,103

  7%

  $667,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,509,732

  Geo Method

  $3,171,012

• Alternative Use

  Use

  Valuation

  Residential

  $785,052

  Hospitality

  $719,103

  Educational

  $598,286

  Medical

  $618,862

  Retail

  $930,667

Location Insight

City

Paso Robles

County

San Luis Obispo

State

California

Latitude

35.6514

Longitude

-120.693

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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