40
See all 40 photos
$4,800,000
Est. payment /mo
18,159 SqFt
Active
998 Houston Grover Beach, CA 93433
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
10/07/2024 09:53 PM
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
Year Built 2004
Lot Size 0.852 Acres
Acres 0.85
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
Area Listing
Zoning LM
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Other, Cable Available
Building
New Construction No
Others
Tax ID 060545039
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Andrew Richardson • Richardson Sotheby's International Realty
A FEW WORDS FROM PAST CLIENTS
GET MORE INFORMATION
Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289