974 Griffin ST, Grover Beach, CA 93433
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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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Mauri Tamborra

Mauri Tamborra

+1(720) 371-0101
$ 2,200,000
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Active Under Contract

974 Griffin ST Grover Beach, CA 93433

0.76 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active Under Contract

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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Listed by Valerie Walla Century 21 Masters 805-853-8318, DRE #02217940
Mauri Tamborra

Mauri Tamborra

Broker Associate, REALTOR®, CNE, CDPE, EcoBroker, RE/MAX Circle of Legends | License ID: CA DRE 02132134|CO DRE 042397

+1(720) 371-0101

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974 Griffin ST