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Investment Highlights
- Retail investment near entrance to Oceano Dunes
Executive Summary
An exceptional chance to own a premier retail property on Pier Avenue, one of two entrances to the Oceano Dunes State Vehicular Recreation Area which sees between 1.5 and 2 million visitors annually. Located just a half block from the beach this is a leased investment opportunity with a successful retail business ready to sign a new long term lease. The property features excellent street front visibility and a strategic location near the entrance to Oceano Dunes — ideal for capturing both local and visitor spending. With it’s beach-town character, dynamic seasonal demand and value-add potential, this property provides a rare opportunity to own a leased asset near Oceano Dunes. Don’t miss the chance to secure this well-positioned commercial offering along the Central Coast.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,000 SF
Building Class
C
Year Built
1977
Price
$610,000
Price Per SF
$610
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CR - CR - Commercial Retail
Frontage
31’ on Peir Ave
Property Taxes
| Parcel Number | 061-012-013 | Improvements Assessment | $197,296 |
| Land Assessment | $127,661 | Total Assessment | $324,957 |
Property Taxes
Parcel Number
061-012-013
Land Assessment
$127,661
Improvements Assessment
$197,296
Total Assessment
$324,957
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368 Pier Ave
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