1400 E Grand Avenue Arroyo Grande, CA $ 5,975,000
1400 E Grand Avenue
$ 5,975,000
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1400 E Grand Avenue

Arroyo Grande, CA, 93420
$ 5,975,000
Baths0.0 Sq 26,750

Monthly Estimate*

$ 39,712

Listed by Allan Real Estate Investments
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Studio

Commercial Property for sale in Arroyo Grande, CA

for $5,975,000. This 26,750 square foot building was built in 1982 on a lot size of 2.52.

High profile Arroyo Grande location with a quality retail NNN leased investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering is 100% occupied and 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. There is potential for further development of a mixed use project on a portion of the parking area.

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Commercial Active

Price

$ 5,975,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

2.52

Year Built

1982

Town/City

Arroyo Grande

County/Region

San Luis Obispo

MLS | Web ID

PI24073658

Days on Market

52

Features
General
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Roof Flat
Year Built 1982
Property SubType Retail
Tax Year 2023
Additional Parcels Description 077341086
County San Luis Obispo
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Shopping center is on the corner of Courtland and Grand.
City Arroyo Grande
View Y/N N
Senior Community Y/N N
MLS Area ARRG - Arroyo Grande
Lot Size Units SquareFeet
Lot Size Square Feet 109771.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Grand
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 1
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Retail
Cap Rate 5.0
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Exterior
Fencing Block ChainLink
Lot Features StreetLevel
Water Source Public
Lot Size Area 109771.0
Spa N
Building Area Total 26750.0
Street Suffix Avenue
Lot Size Acres 2.52
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1400
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* Excluded Features
List By
Allan Real Estate Investments

Broker

(805) 473-7500

Phone

Affordability Calculator

$39,712
Per Month
100%
0%
0%
Monthly Principal & Interest
$39,712
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$5,975,000 Listed Price

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1400 E Grand Avenue, Arroyo Grande, CA, 93420 is a Commercial Property for sale at $5,975,000 with 26,750 sqft and a lot size of 2.52. 1400 E Grand Avenue is a studio with 0.0 baths and was built in 1982. The property's zip code is 93420 which is in Arroyo Grande, CA