998 Houston, Grover Beach, California, 93433

$4,800,000

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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.

PROPERTY FEATURES

Utility Features

Electric: Photovoltaics Seller Owned Water Source: Public

Security Features

Security Features: 24 Hour Security,Card/Code Access,Security Lights,Security System,Smoke Detector(s)

Exterior Features

Lot Features: Corner Lot,Level with Street,Lot 20000-39999 Sqft,Rectangular Lot,Level,Paved

General Features

Land Use: Industrial,Office,Other,Retail Current Use: See Remarks Investment Property Industrial Type: Warehouse/Distribution,Warehouse/Office Business Type: Commercial,Professional/Office,Retail,Special Use,Storage,Warehouse Parcel Identification Number: 060545039 Occupancy: Occupied