$1,600,000
200 Five Cities Drive Pismo Beach, CA 93449
5
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Listed by Raymond Rodriguez • Equity Union
$1,600,000
Est. payment /mo
2,786 SqFt
Active
200 Five Cities Drive Pismo Beach, CA 93449
UPDATED:
11/13/2024 10:36 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,786 sqft
Price per Sqft $574
MLS Listing ID CRSR24232392
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1998
Lot Size 0.289 Acres
Property Description
200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sams 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 communitie
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Building
Water Public
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