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Listed by Michael Puhek • RE/MAX Success
$ 1,999,000
Est. payment /mo
Active
748 Garrett Lane Arroyo Grande, CA 93420
7,464 SqFt
UPDATED:
12/14/2024 03:47 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,464 sqft
Price per Sqft $267
MLS Listing ID CRPI24204761
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1991
Lot Size 1.420 Acres
Property Description
Presenting a fantastic opportunity to own a mixed-use property on 1.42 acres in Arroyo Grande. Located just off the Pacific Coast Highway, this property offers easy access to both Arroyo Grande and Pismo Beach to the north, and the Nipomo trade district to the east. Industrial portion-This offering includes multiple industrial structures totaling 7,464 square feet, currently housing a metal fabrication business. The business is owner-operated, and the seller is open to negotiating a leaseback arrangement for the industrial portion of the property as part of the sale. Additionally, two residential homes are included, both occupied by long-term, stable tenants. Home 1: A traditional, site-built home with a master bedroom and several other rooms that can be converted into additional bedrooms by adding closets. The home features 1.5 bathrooms and a large, private fenced yard. The tenant currently pays $1,800 per month. A secondary structure in the backyard, with electrical supply, was previously used as a game room and is now being utilized for storage. Home 2: A well-maintained, 3-bedroom, 2-bath manufactured home with new flooring, granite countertops, vaulted ceilings, and a 3-year-old roof. The home sits on a large lot and includes a detached, 4-bay garage. Tenant currently pays
Location
State CA
County San Luis Obispo
Interior
Heating None
Cooling None
Fireplace No
Building
Water Public
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