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850 W Grand Ave 3,750 sq ft Retail Property Grover Beach, CA 93433 £896,760 (£239.14/sq ft) 5.73% Net Initial Yield

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EXECUTIVE SUMMARY

Here's an exceptional opportunity to own a versatile commercial property located in the heart of Grover Beach's bustling Central Business District. With its prime location, ample space, and attractive features, this property is sure to meet the needs of various business ventures. Spanning approximately 3,750 square feet, this well-maintained building offers a range of possibilities. Currently configured with two bathrooms and two heaters, the layout includes epoxy floors, providing durability and easy maintenance – ideal for various commercial uses. The property features off-street parking, ensuring convenience for customers and employees alike. Additionally, the building's layout presents the potential for multiple tenants, allowing for separate usage or lease opportunities to maximize investment potential. Situated in a vibrant commercial hub, this property enjoys excellent visibility and accessibility, making it highly desirable for businesses seeking a prime location with significant foot traffic. Surrounding amenities include shops, restaurants, offices, and more, fostering a dynamic environment for business growth and success. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking the perfect space to establish or relocate your business, this commercial property presents an outstanding opportunity not to be missed. Schedule a viewing today to explore the endless possibilities this property has to offer!

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Sale Condition
Shell Core
Property Type
Retail
Property Subtype
Standalone
Property Size
3,750 sq ft
Costar Property Class
C
Year Built
1952
Price
£896,760
Price per sq ft
£239.14
Yield
5.73%
NOI
£51,377
Tenancy
Single
Number of Floors
1
Plot ratio
0.28
Total Plot Size
0.30 ac
Use Class
CB - Central Business District
Parking
3 Spaces (0.8 Spaces per 1,000 sq ft Leased)
Frontage
60 ft on Grand Ave
Walk Score®
Easily Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Mechanics Bank
Boston Market Corp
Starbucks
Vons
Smart & Final
Denny's
Storagepro
Dutch Bros
Grocery Outlet

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 060-228-005
  • 060-228-011
Land Assessment
£356,868
Improvements Assessment
£508,735
Total Assessment
£865,603
  • Listing ID: 31665937

  • Date on Market: 01/05/2024

  • Last Updated:

  • Address: 850 W Grand Ave, Grover Beach, CA 93433

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