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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
MLS Listing ID NS23083605
Sold Date 08/31/23
HOA Y/N No
Year Built 1992
Lot Size 0.369 Acres
Lot Dimensions Assessor
Property Sub-Type Mixed Use
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
Interior
Fireplace No
Laundry None
Building
Lot Description Rectangular Lot
Story 2
Water Public
Others
Tax ID 077204029
Financing Cash,Cash to Loan
Special Listing Condition Standard
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Bought with Adam Pettit Modern Broker, Inc.
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