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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,664,370

  6.5%

  $4,305,570

  7%

  $3,998,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,634,290

  Geo Method

  $5,204,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,836,140

  Mixed-Use / Specialty

  $4,112,470

  Hospitality / Lodging

  $2,785,770

  Office

  $3,902,910

  Institutional / Educational

  $4,211,790

  Residential Income

  $4,927,790

  Multifamily

  $6,895,520

  Automotive / Energy

  $3,610,110

  Parking / Income-Based Land

  $1,421,410

  Restaurant / Food Service

  $1,759,590

  Healthcare / Senior Housing

  $4,399,540

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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