1253 E Grand Ave - Commercial LAND FOR SALE


Arroyo Grande, CA 93420 21,013 SF
$1,950,000 USD
805-473-7500
1253 E Grand Ave, Arroyo Grande, CA for Sale
$1,950,000 USD
Commercial LAND - FOR SALE
1/10
21,013 SF

1253 E Grand Ave
Arroyo Grande, CA 93420


HIGHLIGHTS

  • 8 fee-simple, individually mapped townhome lots
  • City-approved plans, recorded map & CC&Rs
  • ~1,867 SF per home: 3 bd / 3.5 ba, in-unit elevator, 2-car garage, rooftop deck
  • 14,936 SF total sellable living area + eight attached 2-car garages
  • Land basis ˜ $243,750/lot (˜ $93/SF land; ˜ $131/buildable SF)
  • Walkable East Grand corridor — minutes to Hwy 101, Pismo Beach & the Village

OVERVIEW

A rare shovel-ready development play on California's Central Coast. This fully entitled, mapped infill site sits behind the Banc of California branch on East Grand Avenue in Arroyo Grande and carries City-approved plans for eight three-story coastal townhomes on individually mapped, fee-simple lots (Tract 3210, Lots 1–8) — a true planned development, not condominiums. Each home is approximately 1,867 SF: 3 bedrooms, 3 full baths plus a powder room, with a private in-unit elevator serving all three floors, an attached two-car garage, in-unit laundry, a top-floor great room opening to a balcony, and its own private ~244 SF rooftop deck. Two mirrored floor plans (Plan A / Plan B) give the row visual variety. Entitlements are in hand: recorded final map, recorded CC&Rs, and an established HOA, with access from East Grand Avenue secured by recorded easement across the adjacent parcel. Zoned Gateway Mixed Use in a walkable corridor — grocery and retail within a short walk, minutes to Highway 101, Pismo Beach, and the historic Arroyo Grande Village. A builder can move straight to construction drawings and pull permits

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/ACRE

$4,042,163/AC

PRICE/SF

$93 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Approved 8-townhome development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family

LAND ACRES

0.48 AC

LAND SF

21,014 SF

OFFSITE IMPROVEMENTS

-

ZONING

GMU (Gateway Mixed Use)

APN/PARCEL ID

077-141-053

ASK ABOUT THIS PROPERTY

Dennis AllanAllan Real Estate InvestmentsMore Info
805-473-7500

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Dennis AllanAllan Real Estate InvestmentsMore Info
805-473-7500

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