974 Griffin Street, Grover Beach, CA 93433
- $2,200,000
- List Price
- $2,200,000
- Price Change
- ▼ $300,000 1754541172
- Status
- PENDING
- MLS#
- SC24254186
- Year Built
- 1995
- Lot Size
- 33,050
- Acres
- 0.76
- Lot Location
- 0-1 Unit/Acre, Level, Paved, Street Level
- Days on Market
- 0
- Property Type
- Commercial
- 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.
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Additional Information
- Heat
- Natural Gas
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Valerie Walla (Val@WallaRealEstate.com) from Listing Office: Century 21 Masters.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.