368 Pier AveOceano, CA 93445

Property Details for 368 Pier Ave

Year built

1977

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,050 SF

Zone code

CR

Property type

Retail properties

Property subtype

Retail space

APN

061-012-013

APU

61012013

Description

This exceptional 1,050 square foot retail property at 368 Pier Avenue in Oceano, California, presents a rare opportunity for business owners seeking a high-visibility location. Situated just half a block from the beach and conveniently close to the Oceano Dunes vehicle ramp, this property benefits from consistent high foot traffic throughout the year, driven by both local residents and the substantial tourist population. The building features attractive skylights, providing ample natural light, and a recently paved parking entrance for convenient customer access. A sizable rear storage room offers additional space for inventory or equipment. The 0.06-acre lot provides ample space for outdoor seating or displays, further enhancing the property's appeal. The asking price is $600,000. This property is ideally suited for a variety of retail businesses seeking to capitalize on the vibrant Oceano beachfront community. Its prime location and attractive features make it an exceptional investment opportunity. The combination of high visibility, convenient access, and ample storage makes this a truly unique offering in a highly desirable coastal location. Don't miss this chance to secure a thriving business in a bustling tourist area.

• CAP approach

  CAP return

  Valuation

  6%

  $218,816

  6.5%

  $201,984

  7%

  $187,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,363

  Geo Method

  $503,163

• Alternative Use

  Use

  Valuation

  Residential

  $170,381

  Hospitality

  $156,068

  Educational

  $129,847

  Medical

  $134,313

  Retail

  $201,984

Location Insight

City

Oceano

County

San Luis Obispo

State

California

Latitude

35.1056

Longitude

-120.629

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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