About 974 Griffin Street
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.
Features of 974 Griffin Street
| MLS® # | SC24254186 |
|---|---|
| Price | $2,200,000 |
| Bathrooms | 0.00 |
| Lot Size | 33,050 |
| Year Built | 1995 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Pending |
Community Information
| Address | 974 Griffin Street |
|---|---|
| Area | GRVC - Grover Beach |
| City | Grover Beach |
| County | San Luis Obispo |
| Zip Code | 93433 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Level, Paved, Street Level, ZeroToOneUnitAcre |
|---|
Additional Information
| Date Listed | December 23rd, 2024 |
|---|---|
| Days on Market | 260 |
| Zoning | Industrial (I) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Valerie Walla |
|---|---|
| Office | Century 21 Masters |