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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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