$840,000
$850,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
0.61 Acres Lot
SOLD DATE : 11/17/2022
Key Details
Sold Price $840,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC22155843
Sold Date 11/17/22
HOA Y/N No
Year Built 2000
Lot Size 0.606 Acres
Property Sub-Type Business
Property Description
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!
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Interior
Fireplace No
Appliance Washer
Laundry Common Area, Inside
Exterior
Community Features Park
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Lot Description Sprinklers In Front, Level, Near Park, Near Public Transit, Paved, Rectangular Lot
Water Public
Others
Tax ID 008081020
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Private
Special Listing Condition Standard
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Bought with Jennifer Johnson Mid State Realty

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