This Property is no longer advertised on Showcase.com.
Off Market
1/5

1600-1608 W Grand Ave
Grover Beach, CA 93433


HIGHLIGHTS

  • Price Reduction! $3,785,444 (Originally offered at: $5,200,000 | Proforma CAP: 6.11% | Proforma NOI: $354,238)
  • Price/SF: $163.35 PSF (Originally offered at $224 PSF)
  • Units: 9 Retail Spaces
  • Building Size: Approx. 23, 174 SF | Lot Size: Approx. 67,083 SF
  • APN: 060-254-004
  • Parking: On-site Parking

OVERVIEW

The Grand Plaza rests at the corner of W. Grand Avenue (23,486 ADT) and S. 16th Street in the heart of Grover Beach’s primary commercial corridor. The Grand Plaza’s strategic design allows it to retain its own identity while taking advantage of customer traffic from the market dominant Von’s Store (est. $50M/year sales). The well-maintained shadow center provides more-than-ample parking options, which also opens the line-of-sight to the plaza’s tenant signage. The building which runs parallel to 16th St. also boasts signage on both sides of the property, providing tenants with nearly 360-degrees of clear visibility from the street.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

For Sale: Retail/Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

23174

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

060-254-004