974 Griffin St

Grover Beach, CA 93433
  • $2,200,000

    Price
  • 14,854

    SqFt
  • 0.76

    Acre

About the Listing SC9354 - SC02217940,ATSHERERM

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.

Listing Highlights for 974 Griffin St

Status Pending
Days on Site 657
Property Type Commercial Sale
MLS ® SC24254186
Year Built 1995
Total Square Footage 14,854
Lot/Acreage 0.76

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Natural Gas
  • Fireplaces:
  • Floor:
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  • Other:
  • Water: Public

Exterior Details

  • Lot Description: 0-1 Unit/Acre,Level,Paved,Street Level,No Land Lease
  • Garage Capacity: N/A
  • Zoning: Industrial (I)
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 060544009
  • Tax Year: N/A

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974 Griffin St Grover Beach, CA 93433

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Originating MLS: CRMLS

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Yury Medrano

Realtor | Los Angeles, CA & Boise, ID | Silvercreek Realty Group | Sky Homes & Estates

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