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Listed by Andrew Richardson • Richardson Sotheby's International Realty
$ 4,800,000
Est. payment | /mo
18,159 SqFt
$ 4,800,000
Est. payment | /mo
18,159 SqFt
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 CRSC23188802
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Building
Water Public
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