Property profile

368 Pier Ave Oceano, CA 93445

FOR SALE
Retail space
Property ID
US09-2294746
1,050 SF 0.06 ac lot Built 1977
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,050 square foot retail property at 368 Pier Avenue in Oceano, California, presents a rare opportunity for business owners seeking a high-visibility location. Situated just half a block from the beach and conveniently close to the Oceano Dunes vehicle ramp, this property benefits from consistent high foot traffic throughout the year, driven by both local residents and the substantial tourist population. The building features attractive skylights, providing ample natural light, and a recently paved parking entrance for convenient customer access. A sizable rear storage room offers additional space for inventory or equipment. The 0.06-acre lot provides ample space for outdoor seating or displays, further enhancing the property's appeal. The asking price is $600,000. This property is ideally suited for a variety of retail businesses seeking to capitalize on the vibrant Oceano beachfront community. Its prime location and attractive features make it an exceptional investment opportunity. The combination of high visibility, convenient access, and ample storage makes this a truly unique offering in a highly desirable coastal location. Don't miss this chance to secure a thriving business in a bustling tourist area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction TILT-UP CONCRETE
Total area 1,050 SF
Lot 0.06 ac (2,760 SF)
Zoning code CR
APN 061-012-013
UPID US09-2294746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

368 Pier Ave Oceano, CA 93445
Oceano metro Census 12201 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2016
5 recorded transactions
2016
$280,000
2001
$200,000
1997
Price N/A
1993
$171,182
1991
$215,500

Zoning & alternative use

CR · Oceano, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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