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 Details
Price:
$4,800,000
MLS #:
SC23188802
Status:
Active
Baths:
0
Address:
998 Houston
Type:
Commercial
Subtype:
Retail
Neighborhood:
grvcgroverbeach
City:
Grover Beach
Listed Date:
Oct 16, 2023
State:
CA
ZIP:
93433
Year Built:
2004
Schools
Interior
Cooling
Central Air
Heating
Forced Air
Exterior
Electric
Photovoltaics Seller Owned
Security Features
24 Hour Security, Card/ Code Access, Security Lights, Security System, Smoke Detector(s)
Stories Total
2
Water Source
Public
Financial
Utilities
Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Map
Contact Us
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
More About JoAnn
Courtesy of Richardson Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.998 Houston
Grover Beach, CA
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