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974 Griffin Street — Grover Beach | Belmont Brokerage

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$2,200,000

33,050 sqft lot|1995 Built|260 DOM

974 Griffin St, Grover Beach, CA 93433

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.

Listing provided by: Valerie WallaDRE #02217940805-541-1921 Val@WallaRealEstate.com, Century 21 Masters

MLS #: SC24254186