1136 E Grand Avenue Arroyo Grande CA 93420 | MLS SP19258153

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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 (153 days)
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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Courtesy of Acquire Mortgage & Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2020. California Regional Multiple Listing Service. All rights reserved.
1136 E Grand Avenue
Arroyo Grande, CA