974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
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Susie Hughes

Susie Hughes

+1(562) 260-0588
$ 2,200,000
Est. payment | /mo

0.76 Acres Lot

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$ 2,200,000
Est. payment | /mo
Save Virtual Tour

0.76 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SC24254186

HOA Y/N No

Year Built 1995

Lot Size 0.759 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

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Valerie Walla Century 21 Masters 805-853-8318, DRE #02217940
Nearby Locations
Susie Hughes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 260-0588

susiehughesreg@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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974 Griffin ST