Homes for sale - 1400 E Grand AVE, Arroyo Grande, CA 93420

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Lisa Bethel

lisa.bethel@engelvoelkers.com +1(818) 319-5060

$ 5,495,000

Est. payment -/mo

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Price Dropped by $180K

1400 E Grand AVE Arroyo Grande, CA 93420

2.52 Acres Lot

UPDATED:

11/14/2024 10:05 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID PI24073658

HOA Y/N No

Year Built 1982

Tax Year 2023

Lot Size 2.520 Acres

Property Description

High profile fully leased NNN investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering consists of 14 suites totaling 26,750 leasable square feet located on both sides of the Smart & Final market. The shopping center is co-anchored by Dollar Tree and Smart & Final which are not included in this offering. The shopping center has abundant parking and is a host to a weekly farmers market. The diversified tenant mix attracts a strong traffic flow to this friendly neighborhood shopping center. This investment provides a mix of internet resistant businesses and includes many long term tenants. Exterior tenant signage, ceiling lights and exterior lighting have been upgraded to LED. Other improvements include the replacement of 21 HVAC units in 2014/2015. A new roof and roof hatch were installed on the western parcel in October of 2023. The parking lot was upgraded in September, 2024. There is potential for further development of a mixed use project on a portion of the parking area.

Location

State CA

County San Luis Obispo

Area Arrg - Arroyo Grande

Interior

Fireplace No

Laundry None

Exterior

Fence Block, Chain Link

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat

Present Use Commercial

Building

Lot Description Street Level

Story 1

Water Public

Others

Tax ID 077341073

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Dennis Allan • Allan Real Estate Investments • dennis@allanrealestate.com

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

Lisa Bethel

1400 E Grand AVE Arroyo Grande, CA 93420

Key Details

Location

Interior

Exterior

Building

Others

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1400 E Grand AVE