745 Park St

Prime Downtown Paso Robles Investment Opportunity.

Located in the heart of Paso Robles’ thriving downtown district, 745 Park Street offers investors a chance to own a new fully leased, turn-key property in one of California’s fastest-growing wine country destinations. Recently renovated from a charming multi-story historic home into what will be a vibrant culinary venue, this asset is backed by a 5-year gross lease at $10,000/month to a restauranteur set to open soon. With a annual projected net income of $88,500.00 and low landlord operating expenses, the property provides stable, predictable cash flow in a walkable, area known for its downtown city park, boutique retail, acclaimed wineries and their tasting rooms, and culinary tourism.

Paso Robles is experiencing a strong upward growth trajectory, driven by regional tourism, expanding residential development, downtown revitalization and the new Ava Hotel by Hilton. This investment appeals to 1031 exchange buyers, hospitality-focused investors, and long-term hold strategists seeking a foothold in one of California’s most desirable secondary markets.

About the tenant restaurateur: Housed in a charming 109-year-old farmhouse in downtown Paso Robles, Grace & Rose is a new farm-to-table restaurant from the team behind Paso Robles Wine Merchant. Named after the owners’ daughters’ middle names, the restaurant offers an expanded kitchen, more seating, and a cozy space to enjoy seasonal menus highlighting local farms and wineries. Guests can look forward to delicious dinners, Sunday brunch, al fresco dining, and special events—including winemaker evenings on the wraparound porch under the shade of mature trees. Opening in August 2025.