16
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$2,200,000
Est. payment /mo
0.76 Acres Lot
Price Dropped by $300K
974 Griffin ST Grover Beach, CA 93433
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24254186
HOA Y/N No
Year Built 1995
Lot Size 0.760 Acres
Property Sub-Type Industrial
Property Description
Four industrial buildings totaling over 14,000 sqft located on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are owner-occupied and will lease back. A third building is partially occupied on a month-to-month basis at $3,375 per month. The fourth building is approximately 5,000 sqft and fully leased on a three-year term at $6,050 per month. Features include 3-phase power and a flexible layout. Estimated CAP Rate is 5.5% with the potential for up to 7.6%. Excellent opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor. ***Neighboring parcel at 978 Griffin is also available and offered at $500,000 with the concurrent sale of this property if additional space is needed.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning Industrial (I)
Interior
Heating Natural Gas
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre, Level, Paved, Street Level
Story 1
Water Public
Others
Tax ID 060544009
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://youtu.be/JpTccT6ObzQ?feature=shared
Listed by Valerie Walla Century 21 Masters 805-853-8318