414 E Grand Ave - Residential Income FOR SALE


Arroyo Grande, CA 93420- Arroyo Grande/Nipomo
$595,000 USD
805-459-1627
414 E Grand Ave, Arroyo Grande, CA for Sale
$595,000 USD
Residential Income - FOR SALE
1/6
null | Request Cap Rate

414 E Grand Ave
Arroyo Grande, CA 93420
Arroyo Grande/Nipomo


OVERVIEW

This property includes a one-bedroom, one-bath house with mixed-use commercial zoning. It is situated on the front portion of a 0.15-acre lot, which can accommodate approximately eight parking spaces. Located in a vibrant trade district, this property is positioned on Grand Avenue, the main artery connecting Arroyo Grande to Grover Beach and the Pacific Ocean. Just a short walk over the 101 freeway to the east, you’ll find the charming Village of Arroyo Grande, known for its fantastic restaurants, unique shops, and welcoming community. According to City Planning, this site is ideal for mixed-use development. It’s a fantastic opportunity for investors or developers. While future plans are in progress, buyers can benefit from rental income. The broad zoning allows for numerous possibilities. (Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 418 E Grand Ave. (APN: 006-175-005) and 422 & 422 1/2 E Grand Ave. (APN: 006-175-020) See listing numbers PI25062830 and PI25062840 for more details. Together, these properties offer a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.) All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and verifying intended uses with the city’s Building and Planning Department.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$1,005 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,399 SF

ZONING

HMU

APN/PARCEL ID

006-175-006

ASK ABOUT THIS PROPERTY

Michael PuhekTeam PuhekMore Info
805-459-1627

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Michael PuhekTeam PuhekMore Info
805-459-1627

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