$1,999,000
For Sale

748 Garrett Lane

Arroyo Grande, CA 93420
1.42 acres | #PI24204761
Listing OfficeRE/MAX Success
Browse 28 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Presenting a fantastic opportunity to own a mixed-use property on 1.42 acres in Arroyo Grande. Located just off the Pacific Coast Highway, this property offers easy access to both Arroyo Grande and Pismo Beach to the north, and the Nipomo trade district to the east. Industrial portion-This offering includes multiple industrial structures totaling 7,464 square feet, currently housing a metal fabrication business. The business is owner-operated, and the seller is open to negotiating a leaseback arrangement for the industrial portion of the property as part of the sale. Additionally, two residential homes are included, both occupied by long-term, stable tenants. Home 1: A traditional, site-built home with a master bedroom and several other rooms that can be converted into additional bedrooms by adding closets. The home features 1.5 bathrooms and a large, private fenced yard. The tenant currently pays $1,800 per month. A secondary structure in the backyard, with electrical supply, was previously used as a game room and is now being utilized for storage. Home 2: A well-maintained, 3-bedroom, 2-bath manufactured home with new flooring, granite countertops, vaulted ceilings, and a 3-year-old roof. The home sits on a large lot and includes a detached, 4-bay garage. Tenant currently pays $2,300 per month. All information is deemed reliable but not guaranteed. Buyers and Buyer’s Agents are responsible for verifying all details. Call today for more details on this unique offering!

  • Property Details
      • Lot DescriptionBackYard, CornerLot, RectangularLot, SlopedUp
      • Utility SourcePublic, SeeRemarks
      • CountySan Luis Obispo
      • Original List Price$2,100,000
      • MLS #PI24204761
      • MLS #PI24204761
      • Property TypePurchase
      • Property SubtypeMixedUse
      • Cost1999000
      • Acres1.4205
      • Year Built1991
      • Stories1

Location

SparrowLily Realty, Inc.Real Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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