998 Houston, Grover Beach, CA 93433
- $4,800,000
- List Price
- $4,800,000
- Price Change
- ▼ $300,000 1699912950
- Status
- ACTIVE
- MLS#
- SC23188802
- Year Built
- 2004
- Lot Size
- 37,095
- Acres
- 0.85
- Lot Location
- Corner Lot, Level, Paved, Rectangular Lot, Street Level
- Days on Market
- 362
- Property Type
- Commercial
- Property Sub Type
- Retail
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.
Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $424,925
Mortgage Calculator
Listing courtesy of Listing Agent: Andrew Richardson (andrew@richardsonproperties.com) from Listing Office: Richardson Sotheby's International Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.