120 Niblick Rd Paso Robles, CA 93446
For Sale
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This exceptional 33,770-square-foot vacant storefront, located at 120 Niblick Rd, Paso Robles, CA 93446, presents a unique investment opportunity. The property, a former JCPenney, boasts a Class B designation and sits on a substantial 4.59-acre lot (APN: 009-814-014). Built in 1998, this single-story building is zoned RC-Regional Commercial, offering significant flexibility for redevelopment or repurposing. The property is offered fee simple and is suitable for a 1031 exchange. Its strategic location provides high visibility and accessibility, shadow-anchored by a Walmart, creating a strong regional draw and high barriers to entry for competitors. The entire 33,770 square feet is currently vacant and is potentially demiseable into two units, providing options for multiple tenants or expansion. This presents a rare chance to acquire a large-scale retail space in a thriving Paso Robles market within San Luis Obispo County. The property's size and location make it an attractive proposition for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · Paso Robles, CAPaso Robles. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.