1100 Price Street, Pismo Beach, CA 93449

About this commercial property

Lee & Associates is pleased to offer the opportunity to acquire the fee simple interest (land & building) in a leased investment property in Downtown Pismo Beach. The property includes a single-tenant freestanding building that is currently leased to a longtime convenience store tenant and secured by an individual. The lease generates $30,000 per year and runs through the end of March 2025.
 
 This prime location is at the hard corner of Price Street and Wadsworth Avenue with newer developed retail and residential across the street. The property also has potential for future development.
 
 Pismo Beach is a tourist destination with nearly 2.4 million visitors spending $278 million each year.

Listing description from the July 2020 sale, as reported to CRMLS.

Sale history

$740,000

Sold July 2020 · listed $750,000, on market March 2020 · MLS #PI20050264 · Source: CRMLS

Listing Agent: Martin Indvik · Listing Office: Lee and Associates · Contact: 805-962-6700 · Bought with: NONE NONE · None MRML

$650,000

Sold August 2018 · listed $660,000, on market July 2018 · MLS #PI18169215 · Source: CRMLS

Listing Agent: Irene Ryn · Listing Office: Coldwell Banker Premier Real Estate · Contact: 805-773-6611 · Bought with: Gary Bayus · Prestige Business Sales

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