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Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI22000494
Sold Date 04/29/22
HOA Y/N No
Year Built 1957
Annual Tax Amount $7,119
Lot Size 0.340 Acres
Property Description
Great opportunity to own a 9 unit strip center in Grover Beach just a few blocks to the ocean! This fully occupied property has primarily long term tenants that generates over $6600 month in rental revenue. The building maintenance has been really good, recently painted, newer roof, trees removed, doors adjusted, etc. If you are looking for a turn key property that doesn't require a lot of your time or maintenance, this is the building for you. Located a block away from City Hall, the Police Station and Fire Station you can't get a better location to own a building. Recently a long term tenant retired and we were able to rent that unit within a couple of weeks, the desirability of the building and location is key. The historical vacancy factor on this building has been almost zero. Call your Realtor today for more information.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning C1
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence None
Community Features Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 19
Building
Lot Description Landscaped, Level, Near Park, Paved, Rectangular Lot, Zero Lot Line, Flat
Story 1
Water Public
Others
Tax ID 060224020
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Byron Grant • Century 21 Hometown Realty, Arroyo Grande Office
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