998 Houston
Grover Beach, CA 93433
0.85 acres | #SC23188802
Description
Discover an exceptional investment opportunity in Grover Beach, California, with this remarkable commercial property at 998 Houston. Zoned for retail trade, industrial, retail or office space and currently operating as one of the town's two exclusive cannabis dispensaries, this 18,159sq ft property presents a rare chance for investors. This income generating commercial building has about $430,901.50 in annual gross income. Featuring strategic corner placement for maximum visibility, proximity to the ocean, a 9% cap rate from a lease with one of the largest distributors and cultivators in the United States, and an array of amenities such as 24-hour security, restrooms, a break room, lobby, electric charging, Solar and key card entry, this offering is poised for success. Don't miss out on securing your place in Grover Beach thriving retail landscape; contact us today for a viewing and explore the endless potential this property offers at an asking price of $4,800,000.
Property Details
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected
- Lot DescriptionCornerLot, Level, Paved, RectangularLot, StreetLevel
- CountySan Luis Obispo
- Original List Price$5,100,000
- MLS #SC23188802
- MLS #SC23188802
- Property TypePurchase
- Cost4800000
- Acres0.8516
- Utility SourcePublic
- Property SubtypeRetail
- Year Built2004
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Andrew Richardson (#SP01872187)
Listing Office: Richardson Sotheby's International Realty (#SL836)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
