Central Coast | Sotheby's International Realty Logo

2906 Spring StreetPaso Robles, CA 93446Price: $850,000

  • Price: $850,000
  • 74 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $850,000List Price
  • 0.61Acreage
Opportunity abounds with this Car Wash and Laundromat! Ideally situated on the highly-trafficked Spring Street in Paso Robles, there are two parcels listed together for sale, providing two pieces of real estate with a great business venture. Enjoy the passive income from 5 self-service wash bays and numerous coin-operated laundry machines (26 dryers and 22 washers). There is also an ~800 SF, 1 bed/1 bath back unit for the onsite manager of the facility or for future rental income. Owner is currently negotiating a lease with AT&T for a cell tower which would provide an additional ~$1800/mo in income. Located in the Paso Robles Opportunity Zone, there are wonderful tax advantages provided to investors and those doing a 1031 Exchange. The zoning overlay is T4-F, providing flexible uses for the real estate. All of this on a flat, rectangular lot with easy access to Spring Street, the surrounding neighborhoods, and Highway 101. Buyer to verify all zoning uses and plans with the city. Average net income over past three years ~$70K. Call today to receive the info packet!
Listed by Camille Schwaegerle and Owen Schwaegerle of Keller Williams Realty Central Coast

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Based on information submitted to CRMLS as of September 27, 2022 4:52 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details

Property Details of 2906 Spring Street

Property Details

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