Turnkey Paso Robles Restaurant
2927 Spring St El Paso de Robles Paso Robles, CA 93446
For Sale
$1,979,000
High-performing restaurant and bar with real estate and liquor license.
Property Size4,123 SF
Lot Size0.80 Acres
Price / SF$479.99
Days on Market93
Property Features for 2927 Spring St El Paso de Robles
General Information
Standard status
Active
Size
4,123 SF
Lot size
0.80 Acres
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
NextHome, Inc
(805) 456-3600
Listed By:
CJ Hegney · License #02203414,PersonLicenseNumber
Source:
Elliman
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 28 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome, Inc
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a high-performing, income-producing restaurant and bar property offered fully turnkey. The sale includes the real estate, the operating restaurant with over 500 5-star reviews, a liquor license, and all furniture, fixtures, and equipment needed to continue operations immediately, including all kitchen equipment, bar fixtures, a 9’ x 12’ 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. The 4,123 square foot restaurant sits on a 34,900 square foot 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 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. 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. The property has a walk score of 89, indicating it is very walkable, and a bike score of 47, indicating it is somewhat bikeable.
Key Highlights
- Fully turnkey restaurant & bar: Includes real estate, operating restaurant with 500+ 5‑star reviews, #47 liquor license, and all FF&E for immediate operation.
- Prime location: Heart of Paso Robles within the Redevelopment Plan area, excellent visibility, strong traffic, proximity to Highway 101, and directly along the Paso Robles Wine Trail.
- High income & proven performance: Strong current income, ideal for investors or owner‑operators seeking a stabilized asset.
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - High-performing restaurant and bar with real estate and liquor license.
Where is this conventional restaurant located?
The property is located at 2927 Spring St El Paso de Robles 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: Fully turnkey restaurant & bar: Includes real estate, operating restaurant with 500+ 5‑star reviews, #47 liquor license, and all FF&E for immediate operation.; Prime location: Heart of Paso Robles within the Redevelopment Plan area, excellent visibility, strong traffic, proximity to Highway 101, and directly along the Paso Robles Wine Trail.; High income & proven performance: Strong current income, ideal for investors or owner‑operators seeking a stabilized asset.