998 Houston Grover Beach, CA $ 4,800,000
998 Houston
$ 4,800,000
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998 Houston

Grover Beach, CA, 93433
$ 4,800,000
Baths0.0 Sq 18,159

Monthly Estimate*

$ 31,902

Listed by Richardson Sotheby's International Realty
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Studio

Commercial Property for sale in Grover Beach, CA

for $4,800,000. This 18,159 square foot building was built in 2004 on a lot size of 0.8516.

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.

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Commercial Active

Price

$ 4,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.8516

Year Built

2004

Town/City

Grover Beach

County/Region

San Luis Obispo

MLS | Web ID

SC23188802

Days on Market

239

Features
General
Heating ForcedAir
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasAvailable PhoneConnected SewerConnected WaterConnected
Zoning LM
Security Features SecuritySystem Item24HourSecurity KeyCardEntry SmokeDetectors SecurityLights
Year Built 2004
Electric PhotovoltaicsSellerOwned
Property SubType Retail
Business Type Commercial ProfessionalOffice Retail Storage SpecialUse Warehouse
Building Name NHC
County San Luis Obispo
Net Operating Income 382433.18
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From Five Cities Dr turn right onto Fourth Street. Left onto Farroll Rd and right onto Houston Street.
City Grover Beach
View Y/N N
Senior Community Y/N N
MLS Area GRVC - Grover Beach
Lot Size Units SquareFeet
Lot Size Square Feet 37095.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Houston
Listing Terms Cash
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Days on Market 81
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Year Built Source PublicRecords
Property Sub Type Additional Retail
Cap Rate 7.75
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Exterior
Lot Features CornerLot Level Paved RectangularLot StreetLevel
Water Source Public
Lot Size Area 37095.0
Number of Buildings 1
Spa N
Building Area Total 18159.0
Lot Size Acres 0.8516
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 998
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* Excluded Features
List By
Richardson Sotheby's International Realty

Broker

(805) 781-6040

Phone

Affordability Calculator

$31,902
Per Month
100%
0%
0%
Monthly Principal & Interest
$31,902
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/13/2023$4,800,000 -5.88% Price Down
10/16/2023$5,100,000 Listed Price

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998 Houston, Grover Beach, CA, 93433 is a Commercial Property for sale at $4,800,000 with 18,159 sqft and a lot size of 0.8516. 998 Houston is a studio with 0.0 baths and was built in 2004. The property's zip code is 93433 which is in Grover Beach, CA