Grover Beach, CA 93433 998 Houston

$4,800,000

35 more

Presented By: Andrew Richardson with Richardson Sotheby's International Realty; andrew@richardsonproperties.com

MLS# SC23188802
10/16/2023

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SQFT • 18,159

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; andrew@richardsonproperties.com

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 DescriptionTenant

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

First Team Client Services

Price $4,800,000

MLS#SC23188802

List Date 10/16/2023

Property Type Commercial

Phone 714.964.3311

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