618 12th St Paso Robles, CA 93446-2203
This 2,300 square foot storefront, located at 618 12th Street in Paso Robles, California, presents a unique investment opportunity. Situated on a 3,150 square foot lot just steps from City Park, this property boasts a highly desirable downtown location. The building, constructed in 1958, features floor-to-ceiling windows showcasing its prime frontage on 12th Street, attracting pedestrian traffic. Inside, you'll find updated flooring, modern track lighting, and an open floor plan ideal for a variety of retail uses. Ample storage is provided by two storage rooms in the rear, along with a convenient break room. A covered carport offers two parking spaces, with potential for expansion by removing existing storage sheds, plus an additional uncovered space. The property is zoned TC1 (Town Center), and a second APN is included in the sale, offering potential for future expansion or redevelopment. Buyer is responsible for verifying all zoning and expansion possibilities with the City of Paso Robles. Currently vacant, this turn-key property is priced at $1,600,000 ($695.65 per square foot) and is ready for immediate occupancy. The property's features include a modern open floor plan, updated flooring, and ample storage. The building's location and zoning provide significant potential for growth and expansion.
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
TC1 · 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.