1136 E Grand Avenue Arroyo Grande CA 93420 | MLS SP19258153

Development opportunity in Arroyo Grande. East Grand Village is approved and entitled to build 22 new residential units and retail frontage on East Grand Avenue. 2 identical mixed use buildings front E. Grand Ave. with commercial on ground floor and spacious 2-bedroom apartments above, ideal for a live work scenerio. 20 additional 2-bedroom units make up the interior lot. The interior units are designed to have individual facades per a variety of unit types to scale appropriately with adjacent residential zones. Roof decks for each unit adds quality outdoor space for future tenants/owners. A new drive aisle between the two mixed use buildings leads to a 40-stall surface parking lot screened entirely from street view. Currently the 2 buildings on site generate $3,595 per month in income.

Property Details

Price:
$1,550,000
MLS #:
SP19258153
Status:
Active
Address:
1136 E Grand Avenue
Type:
Commercial
City:
Arroyo Grande
Listed Date:
Nov 5, 2019
State:
CA
ZIP:
93420
Year Built:
1945

Schools

Interior

Exterior

Stories Total
1
Water Source
Agricultural Well, Public

Financial

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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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1136 E Grand Avenue
Arroyo Grande, CA