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$ 1,200,000
Est. payment /mo
Price Dropped by $50K
1140 -1148 E Grand AVE Arroyo Grande, CA 93420
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC26070309
HOA Y/N No
Year Built 1959
Lot Size 0.418 Acres
Property Sub-Type Mixed Use
Property Description
This prime mixed-use investment opportunity is located on the main commercial corridor of Arroyo Grande. The property spans approximately 6,000 square feet and boasts a strong mix of residential and commercial units, with 100% occupancy, ensuring immediate and stable cash flow. It is ideally situated with excellent visibility, easy access to Highway 101, and ample on-site parking. The property is surrounded by established businesses, including Nova Coffee and Adventist Health. Offered at $1,200,000 with a 8.10% cap rate, this is a turnkey asset in one of the Central Coast's most sought-after locations.
Location
State CA
County San Luis Obispo
Area Arrg - Arroyo Grande
Interior
Fireplace No
Laundry Inside
Exterior
Fence Wood
Building
Lot Description 0-1 Unit/Acre, Street Level
Story 2
Water Public
Others
Tax ID 077113015
Special Listing Condition Standard
Listed by Rodney Trujillo Trujillo Commercial Real Estate Group 805-703-0999, DRE #01388764
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442