974 Griffin Street , C, Grover Beach, CA 93433

sale $2,200,000 | Commercial-Other

Listed By CENTURY 21 Masters

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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Property Features

Additional MLS: SC24254186-CA
Building Area: 0.00 SF
Cross Docks: N
For Auction: N
Industrial Ground Level: N
Lot Size In Text: 0.7587 Acres
MLSID: SC24254186
Parking Places: 0
Price Per Area: 0.00
Price Upon Request: N
Rail: N
Sprinklers: N
Style: Other Style
Sublease: N
Year Built: 1995