Grover Beach Industrial
967 Huber Street, Grover Beach, CA 93433
- Added:
- Sep 17, 2020
- Days on Market:
- 2085
- Last Refresh:
- Jun 2 at 4:06 am
Property Features for 967 Huber Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Industrial/Comm Cannabis
- Standard status
- Active Under Contract
- APN
- 060547024
- Size
- 2,168 SF
Building Details
- Year built
- 1989
- Architectural style
- Other
Listing agent David Hubbell License #01786294 (805) 779-4003
Listing office Modern Broker-Pismo Beach 195 Main Street, Visalia, CA (805) 779-4003
Listing date Sep 17, 2020
MLS# PI20190190
Listing URL
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HighLights
- Located in the "Green Zone" Cannabis Business District, ideal for Type N infusion and/or Type 6 Manufacturing facility.
- Established Licensed Commercial Kitchen space suitable for various food‑related businesses.
- Centrally located for distribution throughout California, suitable for a Type 11 Distribution facility.
- Approximately 2100 sq ft of workspace with three‑phase electrical meters for heavy manufacturing.
- Features a large built‑in smokehouse, multiple walk‑in refrigeration/freezer units, and floor drains.
- Second floor includes office space with bathroom/shower and ample storage.
Overview
This one-of-a-kind industrial workspace is located in Grover Beach's "Green Zone" Cannabis Business District. The property features an established licensed commercial kitchen space, making it suitable as a Type N infusion facility and/or Type 6 Manufacturing facility. Its central location also makes it suitable for a Type 11 Distribution facility. The commercial kitchen space is well-suited as a commissary, catering company, ghost kitchen, food truck or food delivery company, co-op, bakery, or other consumable related manufacturing or processing operation. The commercial building offers approximately 2100 sq ft of workspace and three-phase electrical meters for heavy manufacturing. The main floor includes a large built-in smokehouse, multiple walk-in refrigeration/freezer units, a three-compartment sink and wash area, and wall-to-wall floor drains for easy cleanup. The second floor provides an office space with a bathroom and shower, along with ample storage spaces throughout. The property is located at 967 Huber Street, Grover Beach, CA 93433.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.0k | $24.00 |
| − Vacancy | −$1.7k | −$0.79 |
| EGI | $50.3k | $23.21 |
| − OpEx | −$15.1k | −$6.96 |
| NOI | $35.2k | $16.25 |
2,168 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$503.1K
$440.3K – $587.0K
NOI $35,220 @ 7.0% cap · market cap 5.07%
Second Best
Specialty Retail
$443.2K
$387.8K – $517.0K
NOI $31,021 @ 7.0% cap · market cap 4.46%
Theoretical Best
Healthcare Medical
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial kitchens
Location Insight
- Map
- Local Demand
- City
- Grover Beach
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.6221159
- Latitude
- 35.111334
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial kitchen - Unique industrial workspace in Grover Beach's 'Green Zone'.
Where is this commercial kitchen located?
The property is located at 967 Huber Street Grover Beach, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Located in the "Green Zone" Cannabis Business District, ideal for Type N infusion and/or Type 6 Manufacturing facility.; Established Licensed Commercial Kitchen space suitable for various food‑related businesses.; Centrally located for distribution throughout California, suitable for a Type 11 Distribution facility.
