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1400 E Grand Avenue, Arroyo Grande, CA 93420
$5,975,000
1400 E Grand Avenue, Arroyo Grande, CA 93420View this property at 1400 E Grand Avenue, Arroyo Grande, CA 93420
1400 E Grand AvenueArroyo GrandeCA93420
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Property Description
High profile Arroyo Grande location with a quality retail NNN leased investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering is 100% occupied and consists of 14 suites totaling 26,750 leasable square feet located on both sides of the Smart & Final market. The shopping center is co-anchored by Dollar Tree and Smart & Final which are not included in this offering. The shopping center has abundant parking and is a host to a weekly farmers market. The diversified tenant mix attracts a strong traffic flow to this friendly neighborhood shopping center. This investment provides a mix of internet resistant businesses and includes many long term tenants. Exterior tenant signage, ceiling lights and exterior lighting have been upgraded to LED. Other improvements include the replacement of 21 HVAC units in 2014/2015. A new roof and roof hatch were installed on the western parcel in October of 2023. There is potential for further development of a mixed use project on a portion of the parking area.
Full Property Details
Full Property Details for 1400 E Grand Ave
General
- Price: $5,975,000
- Taxes: (2023)
- Status: Active
- Type: Retail
- MLS ID: PI24073658
- Updated: 4/19/2024
- Days on Market: 15 days
- Added to Site: 15 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: San Luis Obispo
- Driving Directions: Shopping center is on the corner of Courtland and Grand.
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Roof: Flat
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 26750
- Square Feet: 26,750
- Year Built: 1982
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 2.52
- Useable Acres: 2.52
- Lot Size (Sq. Ft.): 109,771
- Lot Size Source: Public Records
- Fence: Yes
- Lot Features: Level with Street
- Lot Description: Level with Street
- Fencing (Description): Block, Chain Link
Financial Considerations
- Price Per Sq. Ft.: $223
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Investment: Yes
- Property ID: 77341073
Listed by Allan Real Estate Investments, DennisAllan and JohnCole
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Schools
Schools serving 1400 E Grand Ave
School District:Lucia Mar Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1208 Linda Dr, Arroyo Grande, CA 93420 | K-6 | 0.4 mi | |
600 Crown Hill St, Arroyo Grande, CA 93420 | 7-8 | 1.9 mi | |
495 Valley Rd, Arroyo Grande, CA 93420 | 9-12 | 1.4 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 1400 E Grand Ave
Date
Details
Price
Change
Source
4/18/2024
Listed
$5,975,000
—
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 1400 E Grand Ave
1400 E Grand Avenue, Arroyo Grande, CA 93420 (MLS# PI24073658) is a Retail property. 1400 E Grand Avenue is currently listed for $5,975,000 and was received on April 18, 2024. Want to learn more about 1400 E Grand Avenue? Do you have questions about finding other Retail 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.