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2927 Spring St 4,123 SF Retail Building Paso Robles, CA 93446 $2,705,748 CAD ($656.26 CAD/SF) 9.77% Cap Rate

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Investment Highlights

  • Liquor License Included
  • High Income
  • Business Included
  • All Equipment Included

Executive Summary

This is a rare opportunity to acquire a high-performing, income-producing restaurant & bar property with EVERYTHING INCLUDED, offered fully turnkey. The sale includes the real estate, the operating restaurant with over 500 5-star reviews, the #47 LIQUOR LICENSE, and all FF&E, everything needed to continue operations immediately, including all kitchen equipment, bar fixtures, walk-in cooler, hood systems, furnishings, and operating infrastructure. Located in the heart of Paso Robles within the Redevelopment Plan area, this property benefits from excellent visibility, strong traffic counts, and proximity to Highway 101. Positioned directly along the Paso Robles Wine Trail, the restaurant enjoys a loyal local following while also capturing consistent tourist traffic year-round. Current income is very strong, making this an ideal opportunity for investors, owner-operators, or groups seeking a stabilized asset with proven performance. The 4,123sf restaurant sits on a generous 34,900sf lot, offering substantial indoor and outdoor seating capacity. The space features a newer commercial kitchen, full bar, dedicated banquet room, extensive outdoor dining area, a 9’ x 12’ walk-in cooler, commercial hood system, floor drains in food prep areas, and durable tile flooring throughout. Seating capacity includes approximately 145 indoors plus an additional 160 outdoors, allowing for high-volume service and private events. Zoned T-4F, the property may support a variety of alternative or future uses, including office, food production, market, gallery, or professional uses, providing long-term flexibility and upside. The parking lot offers 34 private spaces, plus ample street parking and two ADA spaces. With its combination of high existing income, prime location, full liquor license, and true turnkey operation, this property stands out as one of Paso Robles’ most compelling restaurant investment opportunities.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,340,260 $325.07
Taxes - -
Operating Expenses $1,075,828 $260.93
Total Expenses $1,075,828 $260.93
Net Operating Income $264,432 $64.14

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $1,340,260
Annual Per SF $325.07
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $1,075,828
Annual Per SF $260.93
Total Expenses (CAD)
Annual $1,075,828
Annual Per SF $260.93
Net Operating Income (CAD)
Annual $264,432
Annual Per SF $64.14

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,123 SF
Building Class
C
Year Built
1947
Price
$2,705,748 CAD
Price Per SF
$656.26 CAD
Cap Rate
9.77%
NOI
$264,432 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
T4F - The Paso Robles zoning for this property is broad and allows for many different uses.
Parking
33 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
92’ on Spring St

Amenities

  • Restaurant
  • Signage
  • Car Charging Station
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Su Casa
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Su Casa Retailer - - -
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Denny's
Smart & Final
Taylor Rental

Property Taxes

Property Taxes

Parcel Number
008-065-021
Land Assessment
$803,015 CAD
Improvements Assessment
$221,230 CAD
Total Assessment
$1,024,245 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39291841

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 2927 Spring St, Paso Robles, CA 93446

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