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1200 E Grand Ave, Arroyo Grande, CA 93420
$4,500,000
1200 E Grand Ave, Arroyo Grande, CA 93420View this property at 1200 E Grand Ave, Arroyo Grande, CA 93420
1200 E Grand AveArroyo GrandeCA93420
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Property Description
**Prime Mixed-Use Investment Opportunity in Arroyo Grande, California**
Discover a rare and exceptional investment opportunity in the heart of Arroyo Grande, California. This meticulously renovated mixed-use property combines the best of commercial and residential spaces, offering endless potential for savvy investors.
**Key Property Highlights:**
- **Location:** Situated in the central part of Arroyo Grande, this property enjoys proximity to major stores, restaurants, and is just a short drive to the pristine beaches of California's coastline. The convenience of city amenities and coastal beauty are at your doorstep.
- **Versatile Mixed-Use:** With three thriving retail spaces on the ground floor, including a popular smoothie and juice bar, a delightful bakery, a successful high-end restaurant, and a spacious boutique store, this property caters to diverse businesses and customer bases.
- **Newly Built Apartments:** The second floor houses three newly constructed, modern apartments, offering comfortable living spaces. These apartments are designed for modern living and represent a fantastic opportunity to generate rental income.
- **Total Space:** Spanning 11,500 square feet, this property offers ample space for businesses and residents alike. The layout is thoughtfully designed, optimizing functionality and appeal.
- **Zoning:** Zoned for mixed-use commercial, this property provides flexibility for a range of businesses or residential uses, making it an attractive investment for those seeking a variety of opportunities.
- **Renovation:** Recently renovated throughout, the property exudes freshness and quality. It's turnkey and ready for immediate occupancy or rental, saving time and resources for the new owner.
- **Proximity to Essentials:** Located near schools, hospitals, and major retail stores, this property offers the convenience and accessibility that tenants and customers value.
This exceptional mixed-use property is an ideal investment for those seeking a unique, income-generating asset in a thriving and appreciating area. Whether you're interested in businesses, housing, or a combination of both, this property offers endless possibilities. Don't miss the chance to own a piece of this dynamic and growing community.
Full Property Details
Full Property Details for 1200 E Grand Ave
General
- Price: $4,500,000
- Status: Active
- Type: Commercial
- MLS ID: PI23189303
- Updated: 5/6/2024
- Days on Market: 180 days
- Added to Site: 222 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Inside
Location
- County: San Luis Obispo
- Driving Directions: On the corner of E grand ave and brisco
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 11500
- Square Feet: 11,500
Lot Features
- Lot Size (Acres): 2
- Useable Acres: 2
- Lot Size (Sq. Ft.): 87,120
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $391
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Property ID: 77111073
Listed by Keller Williams Realty Central Coast, JustinMachado and JordanJackson
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Schools
Schools serving 1200 E Grand Ave
School District:Lucia Mar Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1208 Linda Dr, Arroyo Grande, CA 93420 | K-6 | 0.2 mi | |
600 Crown Hill St, Arroyo Grande, CA 93420 | 7-8 | 1.6 mi | |
495 Valley Rd, Arroyo Grande, CA 93420 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1200 E Grand Ave
Date
Details
Price
Change
Source
5/06/2024
Price Reduced
$4,500,000
-18.18%
MLS
10/11/2023
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1200 E Grand Ave
1200 E Grand Ave, Arroyo Grande, CA 93420 (MLS# PI23189303) is a Commercial property. 1200 E Grand Ave is currently listed for $4,500,000 and was received on October 11, 2023. Want to learn more about 1200 E Grand Ave? Do you have questions about finding other Commercial real estate for sale in Arroyo Grande? You can browse all Arroyo Grande real estate or contact a Coldwell Banker agent to request more information.