974 Griffin ST Save Request In-Person Tour Request Virtual Tour
Grover Beach,CA 93433
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SC24254186
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
Laundry None
Building
Lot Description 0-1 Unit/Acre,Level,Paved,Street Level
Story 1
Water Public
Others
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