974 Griffin Street , C Grover Beach, CA 93433
Commercial-Other
MLS #: SC24254186
Listed By CENTURY 21 Masters
Property InformationDescription
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
- 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
