4
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$1,679,000
Est. payment /mo
0.5 Acres Lot
New
1218 & 1220 E Grand AVE Arroyo Grande, CA 93420
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25098433
HOA Y/N No
Year Built 1955
Lot Size 0.498 Acres
Property Sub-Type Mixed Use
Property Description
1/2-acre Residential/Commercial mixed use property located on Grand Ave next to Chase bank, and directly across from Starbucks & Chipotle. Property is a long strip 70 ft wide by 310 ft long, with single ingress/egress directly off Grand Ave. At the front of the property, just along the pedestrian zone is an approximately 350 sq ft stand alone commercial unit with full bathroom and loft area, and an adjacent 1,000 sq ft paver parking/patio area. This space is currently setup as a home-style office and can potentially be utilized for a wide range of businesses activities, including but not limited to retail sales, food & beverage, lodging/vacation rental, and a variety of different services. Heading up the driveway are 3 residential units, each with their own dedicated parking and yard/patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced yard in the front. It has a stacked washer/dryer setup in the bathroom. The back 2 units are both 1 bedroom 1 bath and have been fully refinished with all new cabinets, counters, flooring, fixtures, tile showers, etc. They share a common laundry room that is accessed from each of their respective covered patios. All 3 residential units are rented fully furnished on a medium-long term basis, with the front two both coming vacant in early May. The back 1/2 of the property includes a large gravel parking area, a small "club house", RV hookups, and a large yard with chicken coops, raised garden bed and fruit trees. This part of the property has ground level ocean views and could potentially be developed with a new single family residence or multiple additional rental units. Alternatively it could be utilized to support one's business ventures, as the unique zoning of the property allows for many potential uses in addition to the existing residences. This property is definitely a must see!
Location
State CA
County San Luis Obispo
Area Arrg - Arroyo Grande
Interior
Fireplace No
Laundry Laundry Room, Stacked
Exterior
Fence Chain Link, Wood
Roof Type Composition
Building
Lot Description Back Yard, Garden, Gentle Sloping, Rectangular Lot
Story 1
Water Public, See Remarks
Others
Tax ID 077101020
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
Lease Land No
Listed by Brenda Auer • Auer Real Estate Inc. • 805-801-6694
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