SOLD
$1,500,000
Date 08/31/2023

354 S Halcyon Road
Arroyo Grande, CA 93420

Mixed Use, Business Opportunities
Residence
5,150
Sqft
0.3694
Lot Size
Listing Agent: Francesco Pierini CalDRE: 02052032 - Home & Ranch Sotheby's Intl

Description for 354 S Halcyon Road Arroyo Grande, CA 93420

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 16,000sq.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 4,263sq.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 813sq.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.

Property Details

NS23083605
Mixed Use, Business Opportunities, 2 Story
San Luis Obispo
1992
0.3694 Acres
Public
2
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Listing Agent: Francesco Pierini CalDRE: 02052032 - Home & Ranch Sotheby's Intl
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