Grover Beach, CA 93433,974 Griffin Street
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Grover Beach, CA 93433,974 Griffin Street
Grover Beach, CA 93433,974 Griffin Street
Grover Beach, CA 93433,974 Griffin Street
Grover Beach, CA 93433,974 Griffin Street
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Listed by Valerie Walla • Century 21 Masters
$ 2,200,000
Est. payment /mo
Pending

974 Griffin Street Grover Beach, CA 93433

14,854 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Pending

Purchase Type For Sale

Square Footage 14,854 sqft

Price per Sqft $148

MLS Listing ID CRSC24254186

HOA Y/N No

Year Built 1995

Lot Size 0.760 Acres

Property Sub-Type Comm Ind For Sale

Source Datashare California Regional

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

Interior

Heating Natural Gas

Fireplace No

Building

Water Public


Bay East AOR and Contra Costa AOR
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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