1800 Grand Ave Grover Beach, CA 93433
- Strip malls
- 26,316 SF
- 1.33 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1800 Grand Ave
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 1.33 lot acres
- Property size
- 26,316 SF
- Zone code
- CPC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 060-309-010
- APU
- 60309010
Description
Gateway Plaza, a 23,959 square foot retail and office property in San Luis Obispo County, presents a unique investment opportunity. This multi-tenant building, constructed in 1997, boasts a highly visible corner location at the intersection of East Grand Avenue and South Oak Park Boulevard. Currently, 14,304 square feet of space is available, divisible into units ranging from 1,500 to 5,700 contiguous square feet. The property features a total of ten suites, offering flexibility for various business needs. With ample parking for 80 vehicles, Gateway Plaza provides convenient access for customers and employees. Its strategic location on a busy thoroughfare ensures high traffic counts, attracting potential tenants. The property sits adjacent to Grand Plaza (1600-1608 W. Grand Ave), another property available for sale, offering potential for synergistic ownership. The expansive 57,935 square foot lot provides ample space and enhances the property's overall appeal. This prime location and flexible space make Gateway Plaza an ideal investment for discerning buyers seeking a high-visibility commercial property in a thriving market. The property's existing infrastructure and convenient parking further enhance its desirability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,780,000
- 6.5%
- $3,850,000
- 7%
- $3,520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,865,000
- Geo Method
- $3,740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,260,000
- Retail
- $3,085,000
- Mixed-Use
- $2,980,000
- Hospitality
- $3,065,000
- Educational
- $2,970,000
- Residential Income
- $3,505,000
- Energy
- $3,410,000
- Income-Based Land
- $3,330,000
- Food Service
- $3,165,000
Location Insight
- Map
- Local Demand
- City
- Grover Beach
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.609
- Latitude
- 35.1205
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
