998 Houston

Grover Beach, CA 93433

PRICE REDUCED

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-$300,000 (-5.88%)

$4,800,000

List Price

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2004

calendar_month Built

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.

Listing Information

List Price $4,800,000
Status Active
MLS SC23188802
Type Commercial
Subtype Retail
Year Built 2004
Lot Size 37,095
Structure Size N/A
DOM 357
Courtesy Of Richardson Sotheby's International Realty
Listing Agent Andrew Richardson DRE#01872187
Co-Listing Agent Charles Richardson DRE#00416661

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Andrew Richardson, Charles Richardson, Richardson Sotheby's International Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 7th, 2024 at 9:06 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.