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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.
Property Type(s):
Commercial
| Last Updated | 8/6/2025 | Year Built | 1995 |
|---|---|---|---|
| Community | GRVC - Grover Beach | County | San Luis Obispo |
Price History
| Prior to May 15, '25 | $2,500,000 |
|---|---|
| May 15, '25 - May 16, '25 | $3,295,000 |
| May 16, '25 - Aug 6, '25 | $2,500,000 |
| Aug 6, '25 - Today | $2,200,000 |
Additional Details
| AREA | GRVC - Grover Beach |
|---|---|
| HEAT | Natural Gas |
| LOT | 0.76 acre(s) |
| LOT DESCRIPTION | Level, Paved |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Century 21 Masters
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