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22783268
22783735

1340 Penman Springs Rd, Paso Robles, CA 93446

KW
CA 02015940
Ashwill Associates Commercial Real Estate
Listed by Ashwill Associates Commercial Real Estate
$2,750,000
465 days on market
Updated 10 days ago

Paso Robles Bonded Winery, Commercial Kitchen & Events

Details
APN 020-271-008; 020-161-004; 015-053-038
Property Type Mixed Use, Land (+1)
Sub Type Agricultural, Residential (+1)
Units 14
Cap Rate 10.00%
Pro-Forma Cap Rate 10.00%
Broker Co-Op Yes
Buildings 14
Stories 2
Acreage 25.480
Zoning Agricultural
Ground Lease No
Ownership Private

Paso Robles Bonded Winery, Commercial Kitchen & Private Events

Marketing description

FOR SALE $2.75MM (HUGE PRICE ADJUSTMENT) --CASH BUYERS ONLY

The property is being offered for sale islocated along the prestigious Union Road Wine Trail in Paso Robles, and just 10 minutes from downtown Paso Robles. This fully bonded winery is a turn-key offering, featuring a complete winemaking facility, multiple structures, and a recently remodeled tasting room designed to provide an inviting and elevated guest experience (Winemaking equipment sold separately).

1020 & 1340 Penman Springs Rd. – Bonded Winery w/ Commercial Kitchen & Event Venue (APN:015-053-038)

A premium 25.48-acre vineyard estate featuring a fully bonded winery, event venue, commercial kitchen allowing for weddings, receptions, parties, and endless expansion opportunities.

Winery & Event Venue: Bonded winery (buyer responsible for license updates).

Minor Use Permit allows for events such as weddings, receptions, and private parties.

All properties have a Private Gate Entrance

Permitted Four (4) Private Events which produce +/- $175,000/year

Value-Add Opportunities:

- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +

- Activate Winery again in approximately 90 days, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +

- Approved Case Production of 20,000/year

Value-Add Projected Income = $2,000,000/year +

BONUS -- Value-Add Opportunities:

- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +

- Activate Winery again in 90 days or less, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +

- Approved Case Production of 20,000/year

CALL OR EMAIL FOR FURTHER DETAILS.

Investment highlights

FOR SALE $2.75MM (HUGE PRICE ADJUSTMENT) --CASH BUYERS ONLY

The property is being offered for sale islocated along the prestigious Union Road Wine Trail in Paso Robles, and just 10 minutes from downtown Paso Robles. This fully bonded winery is a turn-key offering, featuring a complete winemaking facility, multiple structures, and a recently remodeled tasting room designed to provide an inviting and elevated guest experience (Winemaking equipment sold separately).

1020 & 1340 Penman Springs Rd. – Bonded Winery w/ Commercial Kitchen & Event Venue (APN:015-053-038)

A premium 25.48-acre vineyard estate featuring a fully bonded winery, event venue, commercial kitchen allowing for weddings, receptions, parties, and endless expansion opportunities.

Winery & Event Venue: Bonded winery (buyer responsible for license updates).

Minor Use Permit allows for events such as weddings, receptions, and private parties.

All properties have a Private Gate Entrance

Permitted Four (4) Private Events which produce +/- $175,000/year

Value-Add Opportunities:

- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +

- Activate Winery again in approximately 90 days, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +

- Approved Case Production of 20,000/year

Value-Add Projected Income = $2,000,000/year +

BONUS -- Value-Add Opportunities:

- Get approval for more than four (4) Private Events annually (neighbor is approved for up to 365 days out of the year). Could increase income by +/- $250,000/year +

- Activate Winery again in 90 days or less, which includes tasting room, memberships, restaurant, catering, etc. Income of +/- $1,800,000/year +

- Approved Case Production of 20,000/year

CALL OR EMAIL FOR FURTHER DETAILS.

Listing Contacts

KW
CA 02015940
Ashwill Associates Commercial Real Estate
Listed by Ashwill Associates Commercial Real Estate

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Additional Information

Name
STACIE HATFIELD, REALTOR
License
01988835
Brokerage
COLDWELL BANKER REALTY
Brokerage Phone
9497020267
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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