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998 Houston , Grover Beach, CA 93433
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998 Houston
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  • MLS#: SC23188802 ( Retail )
  • Street Address: 998 Houston
  • Viewed: 6
  • Price: $4,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 0
  • Days On Market: 461
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Grover Beach
  • Zipcode: 93433
  • Provided by: Richardson Sotheby's International Realty
  • Contact: Andrew Andrew
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Accountingtype
  1. ProForma
Anchors Cotenants
  1. Glasshouse
Assetclass
  1. Industrial
  2. Office
  3. Retail
  4. Specialty
Building Area Total
  1. 18159.00
Building Name
  1. NHC
Commoninterest
  1. None
Cooling
  1. Central Air
Country
  1. US
Current Financing
  1. None
Current Use
  1. See Remarks
Current Use Comments
  1. Marijuana dispensary and office space
Electric
  1. Photovoltaics Seller Owned
Heating
  1. Forced Air
Industrial Squarefootage
  1. 12359
Industrialtype
  1. Warehouse/Distribution
  2. Warehouse/Office
Land Use
  1. Industrial
  2. Office
  3. Other
  4. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 438249.50
Parcel Number
  1. 060545039
Property Type
  1. Retail
Retail Square Footage
  1. 5800
Security Features
  1. 24 Hour Security
  2. Card/Code Access
  3. Security Lights
  4. Security System
  5. Smoke Detector(s)
Totalmonthlyrent
  1. 35410
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Available
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 6750
Water Source
  1. Public
Year Built
  1. 2004
Year Built Source
  1. Public Records
Zoning
  1. LM