Grover Beach, CA 93433 998 Houston
$4,800,000
35 more
Presented By: Andrew Richardson with Richardson Sotheby's International Realty; [email protected]
Home Details
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.
Presented By: Andrew Richardson with Richardson Sotheby's International Realty; [email protected]
Interior Features for 998 Houston
Other Interior Features
LivingAreaSourcePublicRecords
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 998 Houston
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building NameNHC
Business TypeCommercial, ProfessionalOffice, Retail, Storage, SpecialUse, Warehouse
Cap Rate7.75
Carport Y/NNo
CityGrover Beach
CoolingCentralAir
CountySan Luis Obispo
Current FinancingNone
Days on Market81
DirectionsFrom Five Cities Dr turn right onto Fourth Street. Left onto Farroll Rd and right onto Houston Street.
ElectricPhotovoltaicsSellerOwned
Garage Y/NNo
HOA / Comm AssnNo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NYes
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet37095.0
MLS AreaGRVC - Grover Beach
MobileHomeRemainsYNNo
Net Operating Income382433.18
New ConstructionNo
Occupancy TypeTenant
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesSecuritySystem, Item24HourSecurity, KeyCardEntry, SmokeDetectors, SecurityLights
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameHouston
UtilitiesCableAvailable, ElectricityConnected, NaturalGasAvailable, PhoneConnected, SewerConnected, WaterConnected
View Y/NNo
Waterfront Y/NNo
Year Built2004
Year Built SourcePublicRecords
ZoningLM
Exterior for 998 Houston
Building Area Total18159.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Level, Paved, RectangularLot, StreetLevel
Lot Size Acres0.8516
Lot Size Area37095.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480