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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. Featuring strategic corner placement for maximum visibility, proximity to the ocean, a 7.75% 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 $5,100,000.
| Last Updated | 1/5/2024 | Year Built | 2004 |
|---|---|---|---|
| Community | Grover Beach | County | San Luis Obispo |
Price History
| Prior to Nov 13, '23 | $5,100,000 |
|---|---|
| Nov 13, '23 - Today | $4,800,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Grover Beach |
| BUYER'S BROKERAGE COMPENSATION | 2.000 % |
| HEAT | Forced Air |
| LOT | 0.85 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level, Paved, Rectangular Lot, Street Level |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Available,Phone Connected,Sewer Connected,Water Connected, Electric: Photovoltaics Seller Owned |
| WATER | Public |
| ZONING | LM |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/24 10:51 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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