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

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 5,495,000

Est. payment -/mo

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Active

1400 E Grand AVE Arroyo Grande, CA 93420

26,750 SqFt

UPDATED:

12/12/2024 10:46 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 26,750 sqft

Price per Sqft $205

MLS Listing ID PI24073658

HOA Y/N No

Year Built 1982

Tax Year 2023

Lot Size 2.520 Acres

Acres 2.52

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

Laundry None

Exterior

Fence Block, Chain Link

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

Roof Type Flat

Building

Lot Description Level with Street

Story 1

Water Public

Others

Acceptable Financing None

Listing Terms None

Financing None

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Open prelim with FATCO, Pismo Beach, Sandra Souza. Rent roll provided with serious inquiries only.

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS Please do not disturb tenants. Buyer viewing to be with an accepted offer only.

Listed by Allan Real Estate Investments

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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