$1,600,000
( $574.30Per Sq Foot )
 $8,589 forsale estimated payment Sourced by Back At You

200 Five Cities Drive , Pismo Beach, CA 93449

Pismo Beach, CA 93449

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Description

200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sam's Food Market, is a two-story, single-tenant fuel station and convenience store located in the City of Pismo Beach, California. The building construction is of unknown framing with a pitched metal Loc-Panel roof and painted stucco exterior. Development was completed in 1998 and per city building permits, the structure consists of 2,786+/- square feet of improvements, situated on a 12,600+/- square foot lot, currently zoned C1 with permitted use as a retail gasoline station and convenience store. The Fee-Simple Shell Gas Station features a convenience store, a water & air station, 6 on-site parking spaces, a picnic area, and four dual-sided fuel dispensers, providing a total of 8 gas pumps. The current tenant, Valley Convenience Stores, Inc., is operating on the second option of an absolute NNN lease. The tenant is paying a fixed annual rental rate of $25.84 p/sf which calls for 0 increases through the remaining period of the lease which expires in 2037. The subject property is situated off Five Cities Dr. on the South 101 Corridor. The property is centrally located on a highly trafficked street averaging a traffic count of 15,700 cars in 2017 and surrounded by both major retailers as well as large, planned communities. The immediate vicinity, which includes Pismo Coast Premium Outlet, is a major retail draw for the area and includes well-known retailers such as Nike, Ralph Lauren, and Calvin Klein. In addition, the subject property is minutes from North Bach Campground and Pismo Beach Mobile Home Park, a 29-acre senior community with 233 home sites located on the Pacific Coast Highway. Pismo Beach is a city in San Luis Obispo County, in the Central Coast area of California, and is within proximity to both Morrow Bay and Paso Robles. The estimated population was 8,327 in the 2017 census, up from 8,185 in 2016 Pismo Beach is part of the Five Cities Area, a cluster of cities in that area of San Luis Obispo County. The median household income in a 1-mile radius is $71,046.

Details

MlsSR24232392
Listing TypeFor Sale
StyleRetail
SubtypeResale
StatusActive
Year1998
Days On Site25
Listing Provided ByEquity Union 805-892-8119 | Raymond Rodriguez

Features

Sq Feet2,786
Storys2
Acreage0.29

Market Activity 93449

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountySan Luis Obispo
CityPismo Beach
Zip Code93449
AreaPSMO Pismo Beach
Listing VS Median (in 93449)
Price:
$1,600,000
low | high
Med:
$1,200,000
75% of Average
SqFt:
2,786
low | high
Med:
1,364
100% of Average
$ / SqFt:
$574
low | high
Med:
$927
11.457100742615% of Average
On Site:
25
low | high
Med:
76.500000
32.679738562092% of Average
Sourced by Back At You
Listing Updated: December 5, 2024 at 6:22:19 PM PST