850 Grand Ave Grover Beach, CA 93433-2134
- Retail space
- 3,750 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 850 Grand Ave
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 3,750 SF
- Zone code
- CBD
- Property type
- Retail space
- APN
- 060-228-005
- APU
- 60228005
Description
This exceptional 3,750 square foot commercial property in Grover Beach, California, presents a unique investment opportunity. Located in the heart of the Central Business District at 850 W Grand Avenue, 93433, this well-maintained building offers versatile space ideal for various commercial uses. The property boasts durable epoxy floors, two bathrooms, and two heaters. Ample off-street parking ensures convenience for both employees and customers. The layout is adaptable, potentially accommodating multiple tenants, maximizing rental income or allowing for separate business operations. Its prime location within a vibrant commercial hub provides excellent visibility and accessibility, surrounded by shops, restaurants, and offices, ensuring high foot traffic and a thriving business environment. This property is listed at $1,275,000 and is available for sale or lease. The property's strategic location and adaptable design make it an attractive option for investors seeking a strong return or entrepreneurs looking for a thriving business location in a bustling area of San Luis Obispo County. This is a rare opportunity to acquire a well-situated commercial property in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $1,110,000
- 7%
- $1,085,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,100,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,195,000
- Retail
- $1,125,000
- Mixed-Use
- $945,000
- Hospitality
- $1,165,000
- Educational
- $1,105,000
- Residential Income
- $1,085,000
- Energy
- $1,200,000
- Income-Based Land
- $965,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Grover Beach
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.621
- Latitude
- 35.1211
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
