Turnkey Restaurant and Bar with
2927 Spring Street Paso Robles, CA 93446
2927 Spring Street, Paso Robles, CA, 93446
$1,979,000
For Sale
$1,979,000
Commercial Sale, Other - Paso Robles, CA
Property Size4,123 SF
Lot Size0.80 Acres
Price / SF$479.99
Days on Market189
Property Features for 2927 Spring Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.80 Acres
Building Details
- Year built
- 1947
- Architectural style
- Other
Listing Agency
NextHome Central Coast
(805) 773-7777
350 James Way, Unit 130, CA
Listed by
CJ Hegney · License #02203414,PersonLicenseNumber
(805) 900-4468
Added: Jan 8 Checked: Jul 16 at 7:06 pm
MLS# PI26009437
Listing URL
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 is a fully turnkey restaurant and bar offering, with the sale including the real estate and the operating business package. Included are FF&E and operating items needed to continue operations immediately, such as kitchen equipment, bar fixtures, a walk-in cooler, and hood systems, along with furnishings and other operating infrastructure. The property features a commercial kitchen with a commercial hood system and floor drains in food prep areas, durable tile flooring, and a full bar. Additional improvements include a dedicated banquet room and extensive outdoor dining area.
The restaurant is located in the heart of Paso Robles within the Redevelopment Plan area, directly along the Paso Robles Wine Trail. The property is positioned near Highway 101 and offers visibility with access to on-site parking.
Indoor seating is approximately 145, with additional outdoor seating of approximately 160. The property includes a 9' x 12' walk-in cooler, approximately 34 private parking spaces, ample street parking, and two ADA spaces. Zoned T-4F, the property may support alternative or future uses, including office, food production, market, gallery, or professional uses.
The restaurant is located in the heart of Paso Robles within the Redevelopment Plan area, directly along the Paso Robles Wine Trail. The property is positioned near Highway 101 and offers visibility with access to on-site parking.
Indoor seating is approximately 145, with additional outdoor seating of approximately 160. The property includes a 9' x 12' walk-in cooler, approximately 34 private parking spaces, ample street parking, and two ADA spaces. Zoned T-4F, the property may support alternative or future uses, including office, food production, market, gallery, or professional uses.
Key Highlights
- 4,123 SF restaurant and bar on a 34,900 SF lot with indoor and outdoor seating for approx. 145 indoors plus 160 outdoors
- Includes full turnkey restaurant operations with kitchen equipment, bar fixtures, furnishings, and operating infrastructure
- Sale includes #47 liquor license plus a newer commercial kitchen, full bar, and 9' x 12' walk‑in cooler
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar property includes a liquor license, kitchen equipment, bar buildout, and walk-in cooler.
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 with indoor and outdoor seating for approx. 145 indoors plus 160 outdoors; Includes full turnkey restaurant operations with kitchen equipment, bar fixtures, furnishings, and operating infrastructure; Sale includes #47 liquor license plus a newer commercial kitchen, full bar, and 9' x 12' walk‑in cooler
