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1020 Penman Springs Rd - Paso Robles Bonded Winery, Commercial Kitchen 12,100 SF Specialty Building Offered at $3,750,000 at a 16% Cap Rate in Paso Robles, CA 93446
Investment Highlights
- Bonded winery
- Winery Equipment sold separate
- Commercial Kitchen
- Minor Use Permit allows for events such as weddings, receptions, and private parties
Executive Summary
FOR SALE $3.75MM (HUGE PRICE ADJUSTMENT) --CASH BUYERS ONLY
The property is being offered for sale is located 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.
The property is being offered for sale is located 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.
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 015-053-038 | Improvements Assessment | $1,243,371 |
| Land Assessment | $530,716 | Total Assessment | $1,774,087 |
Property Taxes
Parcel Number
015-053-038
Land Assessment
$530,716
Improvements Assessment
$1,243,371
Total Assessment
$1,774,087
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1020 Penman Springs Rd - Paso Robles Bonded Winery, Commercial Kitchen
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