Property Detail

Description

EXCELLENT DEVELOPMENT OPPORTUNITY IN A PRIME GROVER BEACH CORNER LOCATION! Loaded with potential and conveniently located near the beach, shopping, restaurants & more! This property currently features 2 existing units plus a separately rented garage. Unit A offers 4 bedrooms, 3 baths, updated kitchen, large laundry room, small yard, and storage sheds. Unit B is a charming 1-bedroom, 1-bath, approximately 340 sq. ft. studio. * The property also includes a leased solar energy system, to be assumed by Buyer. * Per the City of Grover Beach, the site may have potential for up to 55 feet in height, 4 total levels (ground-floor parking + 3 levels), no setbacks, and potentially up to 20 units, with units up to 590 sq. ft. and one ground-floor parking space per unit. * Potential ocean views from the 2nd, 3rd, and 4th floors, plus rooftop/patio areas! * Buyer to verify all development potential, requirements, and approvals directly with the City of Grover Beach and County of San Luis Obispo regarding property uses, guidelines & qualifications. * PLEASE DO NOT TRESSPASS ON PROPERTY OR DISTURB TENANTS! THANK YOU!