Ground-Floor Retail Space with
For Sale
$1,049,000
401 W Grand Avenue 1-2, Grover Beach, CA 93433
Cold-shell commercial condo suited to restaurant, coffee shop, and retail uses.
Property Size2,865 SF
Price / SF$366.14
Days on Market84
Property Features for 401 W Grand Avenue 1-2
General Information
Standard status
Active
Size
2,865 SF
Additional Details
Floor
Ground
Patio
Yes
Listing Agency:
Hart Commercial Real Estate
Listed By:
Jason Hart · License #01334694
(805) 481-9010
Source:
Myfabuloushome
Added: Jul 25
Changed: Oct 4
Last Checked: Oct 15 at 12:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hart Commercial Real Estate
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Investment Insights
Based on property information with market context.
This ground-floor commercial condominium is being delivered as a cold shell within Encore, a new mixed-use development. The first phase includes two commercial condos, with this unit offering a 182-square-foot patio and flexibility for restaurant, coffee shop, or retail occupancy.
Encore is planned with 59 luxury residential condos, ocean views, and a rooftop deck. The property is located at 401 W Grand Avenue near the Grand Ave beach entrance in Grover Beach, within the city’s West End development area. The setting benefits from nearby residential construction and tourist activity associated with the beach access point.
Encore is planned with 59 luxury residential condos, ocean views, and a rooftop deck. The property is located at 401 W Grand Avenue near the Grand Ave beach entrance in Grover Beach, within the city’s West End development area. The setting benefits from nearby residential construction and tourist activity associated with the beach access point.
Key Highlights
- 182 SF patio included
- Delivered as a cold shell
- Ground‑floor commercial condo in Encore
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,544
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,880
$930.9K
Cap Rate 7%
$664,914
$664.9K
Cap Rate 9%
$517,156
$517.2K
Market Conditions
NOI Build-Up for 2,865 SF
Gross rent
$68.8K $24.00/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$66.5K $23.21/SF
− OpEx
−$19.9K −$6.96/SF
NOI
$46.5K $16.25/SF
Area
San Luis Obispo County, CA
Vacancy
3.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,880
Cap Rate 7%
$664,914
Cap Rate 9%
$517,156
Alternative Uses
Best Use
Retail
$664.9K
$581.8K – $775.7K
NOI $46,544 @ 7.0% cap · market cap 4.44%
Second Best
Specialty Retail
$585.6K
$512.4K – $683.2K
NOI $40,994 @ 7.0% cap · market cap 3.91%
Theoretical Best
Healthcare Medical
$1.13M
$985.9K – $1.31M
NOI $78,873 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Rabobank
Shops & Services
2,524 visits/mo
0.5 miles
Demographics for 93433, CA
12,643
Population
5,757
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
5,747
Density / Sq Mi
$82,534
Median Household Income
$39,412
Median Earnings
$1,921
Median Rent
$691,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Cold-shell commercial condo suited to restaurant, coffee shop, and retail uses.
Where is this retail space located?
The property is located at 401 W Grand Avenue 1-2 Grover Beach, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 182 SF patio included; Delivered as a cold shell; Ground‑floor commercial condo in Encore
