974 Griffin Street , C, Grover Beach, CA
Others for Sale - $2,200,000
Agent Info
Michael Sherer CENTURY 21 Hometown Realty |
Property Info
CIMLS# | 1169727 |
Location 974 Griffin Street , C Grover Beach CA 93433 | |
Updated | August 7th, 2025 |
Type | Others |
Price | $2,200,000 |
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.