1800 Grand AveGrover Beach, CA 93433

Property Details for 1800 Grand Ave

Year built

1997

Construction

WOOD

Lot size

1.33 AC

Property size (Sq ft)

26,316 SF

Zone code

CPC

Property type

Retail properties

Property subtype

Strip malls

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,484,162

  6.5%

  $5,062,302

  7%

  $4,700,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,806,156

  Geo Method

  $12,610,711

• Alternative Use

  Use

  Valuation

  Residential

  $4,270,242

  Hospitality

  $3,911,518

  Educational

  $3,254,338

  Medical

  $3,366,259

  Retail

  $5,062,302

Location Insight

City

Grover Beach

County

San Luis Obispo

State

California

Latitude

35.1205

Longitude

-120.609

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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