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998 Houston

Grover Beach, CA 93433
  • $4,800,000
  • STATUS: Active
  • ON SITE: 360 Days
  • ID#: SC23188802
UPDATED: 50 min ago
$4,800,000
  • 0
    BEDS
  • 0.85
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2004
County:

School Ratings & Info

Listing Agent(s): Andrew Richardson of Richardson Sotheby's International Realty (805-781-6040) and Charles Richardson of Richardson Sotheby's International Realty(805-781-6040)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-11T22:32:55.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/144417157
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998 Houston Grover Beach, CA 93433

  • Price: $4,800,000
  • Status: Active
  • On Site: 360 Days
  • Updated: 50 min ago
  • ID#: SC23188802
0
Beds
0
Baths
0
½ Baths
0.85
Acres
2004
Built
Neighborhood:
GRVC - Grover Beach
County:
San Luis Obispo
Area:
GRVC - Grover Beach
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.
Exterior Features

Entry Level 1 Lot Features Corner LotLevelPavedRectangular LotStreet Level Sign On Property YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Anchors Co Tenants Glasshouse Building Name NHC Business Type CommercialProfessional/OfficeRetailStorageSpecial UseWarehouse Cap Rate 9.15 Common Interest None Current Financing None Electric Photovoltaics Seller Owned Gross Scheduled Income 424925.76 Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 438249.5 Property Sub Type Retail Security Features Security System24 Hour SecurityKey Card EntrySmoke Detector(s)Security Lights Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 6750 Water Source Public Zoning LM



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-11T22:32:55.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Andrew Richardson of Richardson Sotheby's International Realty (805-781-6040) and Charles Richardson of Richardson Sotheby's International Realty(805-781-6040)