354 S Halcyon Road, Arroyo Grande, CA 93420
Commercial property
Sold August 2023
Listing Agent: Francesco Pierini (DRE #02052032) · Listing Office: Home & Ranch Sotheby's Intl · Contact: 805-434-9700 · Bought with: Adam Pettit · Modern Broker, Inc. · MLS #NS23083605 · Source: CRMLS
About this commercial property
Seller financing available. Great opportunity to own a mixed use commercial and residential property in a SUPREME location in the heart of coveted Arroyo Grande. Located just across the street from Arroyo Grande Hospital and other local amenities. With an oversized lot of 16,000± sq.ft, this could be the perfect spot for a multi-family housing project opportunity as the zoning supports up to 8 residential units. The first floor is a commercial space of around 4,263± sq.ft consisting of 4 office spaces (A=855SF, B=798SF, C=917SF, D=855SF) currently leased by 1 tenant for $8,500.68/month to a county entity. The second level is a 813± sq.ft 1 bed, 1 bath residential unit apartment currently rented for $1350/month. The lot offers ample off-street parking spaces and benefits from a private fenced grassy court in the back that could be developed. An unmatched opportunity in the market we are in and for this location. This property is the ultimate edge against our current inflation currently generating $9,850/month with rent below market value.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history