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1020 Penman Springs Rd - Paso Robles Bonded Winery, Commercial Kitchen 12,100 SF Specialty Building Offered at $5,400,559 CAD at a 15.19% Cap Rate in Paso Robles, CA 93446

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Investment Highlights

  • Bonded winery
  • Winery Equipment sold separate
  • Commercial Kitchen
  • Minor Use Permit allows for events such as weddings, receptions, and private parties

Executive Summary

SELLER FINANCING AVAILABLE (see details below).
The three (3) parcels being offered for sale are located along the prestigious Union Road Wine Trail in Paso Robles, and just 10 minutes from downtown Paso Robles. This fully bonded winery is a turn-key offering, featuring a complete winemaking facility, multiple structures, and a recently remodeled tasting room designed to provide an inviting and elevated guest experience (Winemaking equipment sold separately.). This portfolio offers a rare blend of immediate income generation, agricultural and winery opportunities, and future development potential. With water rights, rental revenue, vineyard expansion capabilities, and proximity to major developments, these properties present an extraordinary opportunity in the Paso Robles wine region.
Three (3) Parcels available for Sale. Can sell each of the properties individually or together. Call broker for more details

1. 1020 & 1340 Penman Springs Rd. – Bonded Winery w/ Commercial Kitchen & Event Venue (APN:015-053-038) --- For Sale $3.95mm
A premium 25.48-acre vineyard estate featuring a fully bonded winery, event venue, commercial kitchen allowing for weddings, receptions, parties, and endless expansion opportunities.
Winery & Event Venue: Bonded winery (buyer responsible for license updates).
Minor Use Permit allows for events such as weddings, receptions, and private parties.
All properties have a Private Gate Entrance
Permitted Four (4) Private Events which produce +/- $175,000/year
* Seller can carry up to $3,000,000 at 5.75% interest only with 3 year balloon (call broker for details)
Value-Add Opportunities:
- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +
- Activate Winery again in approximately 90 days, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +
- Approved Case Production of 20,000/year
Value-Add Projected Income = $2,000,000/year +

2. 1015 & 1125 Penman Springs Rd. - Fallen Oaks Ranch (APN:020-161-004) --- For Sale $4.495mm
A sprawling 103.65-acre ranch with immense agricultural and rental income potential, complete with water rights, vineyard potential, and multiple dwellings.
Agricultural & Ranch Features: Water rights approved for 42 acres of vineyard, which could allow for immediate planting/growing of grapes.
* Can carry up to $1,000,000 at 5.75% interest only with 3 year balloon
Current Streams of Income:
- Two (2) Houses producing +/- $228,000/year on Airbnb
- One (1) additional House Owner/Occupied
- Cattle Rancher $5,000/year (maintains fencing)

3. 3980 Linne Rd., Paso Robles, CA 93446 (APN:020-271-008) --- For Sale $1.15mm
A remarkable 20.01-acre estate with a lucrative income stream, development potential, and agricultural zoning (AG) with a Renewable Energy Overlay.
Two (2) Homes on property generating significant income (call broker for details)
* Can carry up to $400,000 at 5.75% interest only with 3 year balloon
Current Streams of Income:
- Two (2) Houses with long-term, but month-to-month tenants producing $62,000/year


All 3 parcels Current Streams of Income:
- Two (2) Houses producing +/- $228,000/year on Airbnb
- Two (2) Houses with long-term, but month-to-month tenants producing $62,000/year
- One (1) House Owner/Occupied
- Permitted Four (4) Private Events which produce +/- $175,000/year
- Cattle Rancher $5,000/year (maintains fencing
*Total Current Income = +/- $470,000/year

BONUS -- Value-Add Opportunities:
- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +
- Activate Winery again in 90 days or less, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +
- Three (3) Existing Houses (1 owner occupied and 2 long-term leases) could be rented on Airbnb instead for estimated income of approximately $252,000/year
- Development potential: two (2) Main Houses and two (2) ADU’s possible on each of the three (3) parcels (verify)
- 42 acres of vineyard water rights approved for immediate planting/growing of grapes
- Approved Case Production of 20,000/year
Value-Add Projected Income = $3,000,000/year +

*SELLER COULD POTENTIALLY STAY ON AS A PARTNER, DEVELOPER, CONSULTANT, etc.
CALL OR EMAIL FOR FURTHER DETAILS.

Property Facts

Price $5,400,559 CAD
Price Per SF $446.33 CAD
Sale Type Investment or Owner User
Cap Rate 15.19%
Property Type Specialty
Property Subtype
Winery/Vineyard
  • General Retail Restaurant
  • General Retail Storefront
  • Industrial Food Processing
Building Class C
Lot Size 25.48 AC
Building Size 12,100 SF
No. Stories 1
Year Built 1947
Zoning AG - Agricultural Zoning (AG)

Property Taxes

Property Taxes

Parcel Number
015-053-038
Land Assessment
$728,142 CAD
Improvements Assessment
$1,705,905 CAD
Total Assessment
$2,434,047 CAD
  • Listing ID: 35704818

  • Date on Market: 2025-05-01

  • Last Updated:

  • Address: 1020 Penman Springs Rd, Paso Robles, CA 93446

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