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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$449,000

Est. payment - /mo

1 Bed

1 Bath

592 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 592 sqft

Price per Sqft $758

MLS Listing ID PI26041924

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1936

Lot Size 6,534 Sqft

Property Sub-Type Mixed Use

Property Description

Positioned in the heart of Arroyo Grande's vibrant trade corridor, this rare mixed-use property offers both immediate income and exceptional future development potential. Situated on a 0.15-acre lot along Grand Avenue—the primary artery connecting Arroyo Grande, Grover Beach, and the Pacific Ocean—the site features an existing one-bedroom, one-bath residence located toward the front of the parcel, allowing space for approximately eight on-site parking spaces. Mixed-use commercial zoning provides a wide range of possibilities for redevelopment, expansion, or live-work concepts. Just moments away, the charming Village of Arroyo Grande offers popular restaurants, boutique shopping, and a strong sense of community, further enhancing the property's long-term value. According to City Planning, the site is well-suited for mixed-use development, making this an outstanding opportunity for investors, developers, or visionaries looking to capitalize on location, zoning flexibility, and future upside—while benefiting from rental income in the interim. Buyers are advised to verify all potential uses and development opportunities with the City of Arroyo Grande.

Location

State CA

County San Luis Obispo

Area Ag-West Of Hwy 101

Rooms

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s), All Bedrooms Down

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Curbs, Sidewalks

View Y/N No

View None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Mixed Use

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Lucia Mar Unified

Others

Senior Community No

Tax ID 006175006

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Robert Mariani Mariani Realty 805-459-2324, DRE #01374161

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

414 E Grand Arroyo Grande, CA 93420