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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 Type(s):
Commercial
| Last Updated | 10/5/2024 | Year Built | 2004 |
|---|---|---|---|
| Community | Grover Beach | County | San Luis Obispo |
Price History
| Prior to Nov 13, '23 | $5,100,000 |
|---|---|
| Nov 13, '23 - Today | $4,800,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Grover Beach |
| HEAT | Forced Air |
| LOT | 0.85 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level, Paved, Rectangular Lot, Street Level |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Available,Phone Connected,Sewer Connected,Water Connected, Electric: Photovoltaics Seller Owned |
| WATER | Public |
| ZONING | LM |
Location
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Listed with Richardson Sotheby's International Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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