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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

Standard status
Active
Lot size
0.76 Acres

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Listing Contact
Valerie Walla
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.

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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

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.

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?
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.
More about this property
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