2525 Riverside Avenue Paso Robles CA 93446 | NS22059220

Calling all investors! Have you been looking for a perfect 1031 exchange opportunity with steady income and limited owner involvement? You’ve found that here at 2525 Riverside Avenue! Occupied by a single corporate tenant [Consolidated Electrical Distributors, Inc, aka CED] since 1993(!), this well located property has provided steady, predictable income for the property owners. Offering consists of two contiguous steel structures (together totaling 6,840 SF) on a nearly 1/2 acre parcel, in the desirable RC (Riverside Corridor) zoning. Neighbors include Holiday Inn Express, Taco Bell, KFC, Paso Robles Event Center, Tractor Supply, Starbucks and numerous other restaurants and hotels all within a 1/4 mile of subject property, demonstrating the outstanding location of this investment opportunity. The original 3,800 SqFt metal structure houses a conditioned retail space with 4 offices and sales counter, as well as warehouse space with a roll-up door and 1/2 bathroom. The 3,000+ SF newer building was conjoined to the original structure in 2005-2006, and includes 20’+ ceilings, multiple retail/office ‘store fronts’ options, and was designed for a partial two story interior build-out. At the time of the addition, both buildings were fire-sprinklered and an ADA compliant bathroom was also added. Fenced yard space, a 600+ SF covered exterior storage structure and a second water meter connection are additional bonuses. Tenant (CED, Inc) currently pays $5,400/month via electronic transfer, plus a semi-annual reimbursement of 50% of the property taxes. Existing lease runs thru August 31, 2023, but tenant retains two exclusive options to extend for as much as 7 1/2 years beyond 8/31/23. Don’t miss out on this fantastic investment opportunity with a future upside of a multi-tenant, multi-address use when the existing lease ends.

Property Details

Price:
$1,450,000
MLS #:
NS22059220
Status:
Active
Address:
2525 Riverside Avenue
Type:
Commercial
City:
Paso Robles
Listed Date:
Mar 24, 2022
State:
CA
ZIP:
93446
Year Built:
2006

Schools

Interior

Cooling
Central Air
Heating
Forced Air, Natural Gas

Exterior

Fencing
Chain Link
Roof
Metal
Security Features
Fire Sprinkler System
Water Source
Public

Financial

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn
2525 Riverside Avenue
Paso Robles, CA