$1,500,000

Stunning downtown Paso Robles office building, just one block away from the City Park. If you've been looking for a commercial investment opportunity in the heart of Paso Robles, you'll certainly want to consider this historic beauty. The original adobe brick structure is estimated to have been built in 1938 as a residence, and it's 85 year old character is undeniable. However, thanks to extensive investment, this inviting building now functions like a modern office thanks to the central HVAC (3 zoned units), modern electrical and plumbing appointments (including 3 baths, of which 2 are ADA compliant), network wiring, and more. Whether you are a professional user looking for the perfect downtown location for your practice, or an investor looking for a premium location for your wine country rental portfolio, this offering checks either box. In fact, the most ideal use may be a combination of both options - locate your professional practice in the original historic adobe side fronting on 13th Street, and then rent the self contained rear portion to any number of different user types for a strong monthly income offset. The rear portion of the building was added in the 1970's-1980's, and was built and operated as a medical practice into the 2000's, complete with handicap parking and access and could easily be used again for medical or dental. This section of the building could also be a perfect collaborative co-work space, as there are a number of private 'exam' rooms that could potentially be rented individually under the popular business model of shared workspaces. And all this within a 5 minute walk of literally dozens of fine restaurants, tasting rooms and drinking establishments.... yet with free street parking right in front for the convenience of your clientele. Desirable T4-Flex zoning will even allow a restaurant use, in addition to the obvious office or medical related uses. There really are so many options here worthy of exploration and your investment dollars. Market rate rents should generate in excess of $7,000/month for the entire building if you simply are looking for rental income alone. We are selling the building vacant, but will entertain lease requests subject to buyer interest and timing. Please note that an escrow cannot close prior to January 2024 (for tax reasons), but a user buyer could negotiate a purchase with pre-lease under certain circumstances.