974 Griffin St Grover Beach, CA 93433
Property Features for 974 Griffin St
General Information
- Standard status
- Active
- Lot size
- 0.76 Acres
Source:
Exprealty
Listing Agency: Century 21 Masters Listing Agent: Valerie Walla
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Industrial Buildings with Income Potential
Four industrial buildings, totaling over 14,000 square feet, are situated on a drive-thru lot with double frontage within 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, producing $6,050 per month. The property features 3-phase power and a flexible layout. The estimated CAP Rate is 5.5%, with the potential to reach up to 7.6%. This property presents an opportunity for investors or owner-users seeking both income and functionality in an established commercial corridor.
Location Intelligence
Current Use by Public Records
Industrial properties
Location Insight
- Map
- Local Demand
- City
- Grover Beach
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.6217971
- Latitude
- 35.1111767
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Four industrial buildings on a drive-thru lot in Grover Beach.
Where is this industrial property 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: - High Income Potential: Existing leases generate substantial monthly income ($3,375 + $6,050), with a current 5.5% CAP rate and potential to reach 7.6%.; - Drive-Thru Lot with Double Frontage: Offers exceptional accessibility and visibility in an active industrial business area.; - Four Industrial Buildings: Totaling over 14,000 sqft, providing diverse usage and income streams.