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$4,800,000

Est. payment - /mo

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18,159 SqFt

Active

998 Houston Grover Beach, CA 93433

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/07/2024 09:06 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 18,159 sqft

Price per Sqft $264

MLS Listing ID SC23188802

HOA Y/N No

Year Built 2004

Lot Size 0.852 Acres

Property 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.

Location

State CA

County San Luis Obispo

Area Grvc - Grover Beach

Zoning LM

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry None

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected

Present Use See Remarks

Building

Lot Description Corner Lot, Level, Paved, Rectangular Lot, Street Level

Story 2

Water Public

Others

Tax ID 060545039

Security Features Security System,24 Hour Security,Key Card Entry,Smoke Detector(s),Security Lights

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Andrew Richardson • Richardson Sotheby's International Realty • andrew@richardsonproperties.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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