974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
974 Griffin ST, Grover Beach, CA 93433
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 2,200,000
Est. payment | /mo

0.76 Acres Lot

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$ 2,200,000
Est. payment | /mo
Save Virtual Tour

0.76 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SC24254186

HOA Y/N No

Year Built 1995

Lot Size 0.759 Acres

Property Sub-Type Industrial

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.

Location

State CA

County San Luis Obispo

Area Grvc - Grover Beach

Zoning Industrial (I)

Interior

Heating Natural Gas

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre, Level, Paved, Street Level

Story 1

Water Public

Others

Tax ID 060544009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://youtu.be/JpTccT6ObzQ?feature=shared

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Valerie Walla Century 21 Masters 805-853-8318, DRE #02217940

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.