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$ 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
Acres 0.76
Property Sub-Type Comm Ind For Sale
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
Zoning Indu
Interior
Heating Natural Gas
Fireplace No
Building
New Construction No
Others
Tax ID 060544009
Virtual Tour https://youtu.be/JpTccT6ObzQ?feature=shared
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Listed by Valerie Walla • Century 21 Masters