Turnkey Restaurant & Bar
For Sale
$1,979,000
2927 Spring Street, Paso Robles, CA 93446
COMMERCIAL - Paso Robles, CA
Property Size4,123 SF
Price / SF$479.99
Days on Market16
Property Features for 2927 Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Building Details
Year built
1947
Listing Agency:
NextHome Central Coast
(805) 773-7777
Listed By:
CJ Hegney · License #02203414,PersonLicenseNumber
(805) 900-4468
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 31 at 4:06AM
MLS# PI26009437
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar property includes the real estate, operating restaurant, and all FF&E and operating infrastructure needed to continue business immediately. The 4,123 sf restaurant features a newer commercial kitchen, full bar, dedicated banquet room, and an extensive outdoor dining area. Improvements include a 9' x 12' walk-in cooler, commercial hood system, floor drains in food prep areas, and durable tile flooring throughout.
Located in the heart of Paso Robles within the Redevelopment Plan area, the property is positioned for visibility with proximity to Highway 101 and is directly along the Paso Robles Wine Trail. The seating capacity is approximately 145 indoors plus an additional 160 outdoors, supporting both high-volume service and private events.
The property is zoned T-4F. It sits on a 34,900 sf lot with a parking lot offering 34 private spaces, plus ample street parking and two ADA spaces. The sale includes the #47 liquor license.
Located in the heart of Paso Robles within the Redevelopment Plan area, the property is positioned for visibility with proximity to Highway 101 and is directly along the Paso Robles Wine Trail. The seating capacity is approximately 145 indoors plus an additional 160 outdoors, supporting both high-volume service and private events.
The property is zoned T-4F. It sits on a 34,900 sf lot with a parking lot offering 34 private spaces, plus ample street parking and two ADA spaces. The sale includes the #47 liquor license.
Key Highlights
- 4,123 SF restaurant and bar on a 34,900 SF lot, built in 1947
- Approximately 145 indoor seats plus 160 outdoor seats, including a dedicated banquet room
- Full bar and commercial kitchen with a 9' x 12' walk‑in cooler and commercial hood system
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $20.04 |
| − Vacancy | −$4.0k | −$0.96 |
| EGI | $78.7k | $19.08 |
| − OpEx | −$19.7k | −$4.77 |
| NOI | $59.0k | $14.31 |
4,123 SF · lease $20.04/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$842.8K
$737.4K – $983.2K
NOI $58,994 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,506 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
189k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 31%
Home Improvements & Furnishings 9%
Groceries 6%
McDonald's
Dining
32,853 visits/mo
0.3 miles
Starbucks
Dining
28,862 visits/mo
0.3 miles
ARCO
Shops & Services
21,559 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
17,187 visits/mo
0.2 miles
AMPM
Shops & Services
15,224 visits/mo
0.3 miles
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with a commercial kitchen, full liquor license, and parking for 34 plus ADA spaces.
Where is this conventional restaurant located?
The property is located at 2927 Spring Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $1,979,000.
What are key features of this property?
This property features: 4,123 SF restaurant and bar on a 34,900 SF lot, built in 1947; Approximately 145 indoor seats plus 160 outdoor seats, including a dedicated banquet room; Full bar and commercial kitchen with a 9' x 12' walk‑in cooler and commercial hood system
