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354 S Halcyon RD Arroyo Grande, CA 93420
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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $291
MLS Listing ID NS23083605
Year Built 1992
Lot Size 0.369 Acres
Property Description
Seller financing available.
Great opportunity to own a mixed use commercial and residential property in a SUPREME location in the heart of coveted Arroyo Grande. Located just across the street from Arroyo Grande Hospital and other local amenities.�
With an oversized lot of 16,000��sq.ft, this could be the perfect spot for a multi-family housing project opportunity as the zoning supports up to 8 residential units.�
The first floor is a commercial space of around 4,263��sq.ft consisting of 4 office spaces (A=855SF, B=798SF, C=917SF, D=855SF) currently leased by 1 tenant for $8,500.68/month to a county entity.�
The second level is a 813��sq.ft 1 bed, 1 bath residential unit apartment currently rented for $1350/month.�
The lot offers ample off-street parking spaces and benefits from a private fenced grassy court in the back that could be developed.�
An unmatched opportunity in the market we are in and for this location.�This property is the ultimate edge against our current inflation currently generating $9,850/month with rent below market value.
Location
State CA
County San Luis Obispo
Area Ag-West Of Hwy 101
Zoning GC
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Laundry None
Building
Lot Description Rectangular Lot
Story 2
Water Public
Others
Special Listing Condition Standard
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Bought with Adam Pettit • Modern Broker, Inc.
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