1140-1148 E Grand Ave - Storefront Retail/Residential FOR SALE


Arroyo Grande, CA 93420
$1,399,000 USD
805-439-4733
1140-1148 E Grand Ave, Arroyo Grande, CA for Sale
$1,399,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | 7.41% Cap Rate

1140-1148 E Grand Ave
Arroyo Grande, CA 93420


OVERVIEW

Investment Opportunity in Prime Arroyo Grande Location Positioned along the highly desirable Grand Avenue corridor, this fully occupied mixed-use property offers a rare opportunity to acquire a stable, income-producing asset in the heart of Arroyo Grande. The ±6,000 square foot property features a well-balanced mix of residential and commercial units, providing diversified income streams and long-term investment security. With 100% occupancy and strong in-place rents, this asset delivers immediate cash flow and a solid cap rate of approximately 6.92%. Built in 1959, the property sits on a prime site with ample on-site parking and excellent visibility. Its central location offers convenient access to Highway 101 and is surrounded by established businesses, including Nova Coffee and Adventist Health, making it an attractive destination for both tenants and customers. This mixed-use center combines the stability of residential income with the upside of commercial tenancy, making it ideal for investors seeking a well-located, turnkey asset in one of the Central Coast’s most active commercial corridors.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,498 SF

ZONING

GC

APN/PARCEL ID

077-113-015

ASK ABOUT THIS PROPERTY

Rod TrujilloTrujillo Commercial Real Estate GroupMore Info
805-439-4733

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Rod TrujilloTrujillo Commercial Real Estate GroupMore Info
805-439-4733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.