Active
998 Houston
Grover Beach CA, 93433
$4,800,000
$264.33 per sqft
Active
18,159 sqft
Commercial
Built in 2004
Listed by Andrew Richardson with Richardson Sotheby's International Realty andrew@richardsonproperties.com
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.
SC23188802
MLSⓇ ID
October 16, 2023
Listed
November 22, 2024
Updated
Map
998 Houston
Grover Beach CA, 93433
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.85 Acres
Lot Features
Corner Lot, Level, Paved, Rectangular Lot, Street Level
Other Property Details
Area Name
GRVC - Grover Beach
Days on Market
357
Garage
No
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Zoning
LM
Listing History
Date | Event | Price |
|---|---|---|
1/6/2024 | Active | — |
11/13/2023 | Under contract | — |
11/13/2023 | Price change | $4,800,000 -6% |
Listing Contact: 805-781-6040
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/22/2024 at 7:24 PM UTC