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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.
| 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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Based on information from California Regional Multiple Listing Service, Inc. as of 8/7/25 10:45 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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