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974 Griffin St Grover Beach, CA 93433

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For Sale
$2,200,000

Four industrial buildings on a drive-thru lot in Grover Beach.

Lot size:
0.76 Acres

Property Features for 974 Griffin St

General Information

Lot size
0.76 Acres

Building Details

Year built
1995

Source: Century 21 Masters Agent Mike Sherer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Four Industrial Buildings For Sale

This property features four industrial buildings totaling over 14,000 square feet, situated on a drive-thru lot with double frontage in an active industrial business area. Two smaller buildings are currently owner-occupied and will be leased back. A third building is partially occupied on a month-to-month basis, generating $3,375 per month. The fourth building, approximately 5,000 square feet, is fully leased on a three-year term at $6,050 per month. The property includes 3-phase power and a flexible layout. The estimated CAP Rate is 5.5% with the potential to reach up to 7.6%. This presents an opportunity for investors or owner-users seeking income and functionality in an established commercial corridor. The neighboring parcel at 978 Griffin is also available for $500,000 with the concurrent sale of this property if additional space is needed.
Insight Report Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Majuvi Flowers, Let's Crave It Crepes

Location Insight

  • Map
  • Local Demand
City
Grover Beach
County
San Luis Obispo
State
California
Longitude
-120.6217971
Latitude
35.1111767

FAQs

What type of property is this?
Flex space - Four industrial buildings on a drive-thru lot in Grover Beach.
Where is this flex space located?
The property is located at 974 Griffin St Grover Beach, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Four industrial buildings totaling over 14,000 sqft.; - Established commercial corridor location with double frontage and drive-thru lot.; - Existing leases in place generating income: $3,375/month (partially occupied) and $6,050/month (fully leased).
More about this property
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