The Gateway Plaza

$4,725,000

1800 East Grand Avenue, Grover Beach, CA 93433

For Sale

Retail

Active

Last Updated: 04/27/2021

Details:

Cap Rate: 4.69%

NOI: $181,919

Pro Forma Cap Rate : 8.26%

Building Size: 23,959 sqft

Lot Area: 57,935 sqft

Year Built: 1997

Price Per Sqft: $197

Price Per Unit: $197

Floor: 2

Offered by

Tai Martin

Senior Vice President

Colliers | Central Coast

Request Info to Unlock

Jessica Lovell

Marketing Coordinator

Colliers | Central Coast

Request Info to Unlock

Highlights:

$379,811 Pro Forma NOI
8.04% Pro Forma Cap

Description:

The Gateway Plaza stands proudly on the corner of E Grand Ave (23,486 AADT) and S. Oak Park Blvd (13,903 AADT), welcoming homesteaders and visitors alike to the coastal community of Grover Beach.

This bright. L-shaped plaza disperses visibility to all tenants of the center, while a quaint-yet-eyecatching coffeeshop is perched at the intersection itself, luring passersby with convenience and intrigue. With ample parking and a lively, mixed-contemporary vibe, Gateway plaza is designed to execute its own marketing work, making it a highly favorable location for customers and tenants alike.