New Construction
Address
181 N Elm Street Arroyo Grande, CA
Price
$ 1,950,000
Property Attributes
  • MLS#PI20257223
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CityArroyo Grande
  • AreaArroyo Grande
  • Zip93420
  • StyleMixed Use
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1749
Listing Provided Courtesy Of:
Gena Isaacson with Isaacson Realty.
Property Description

Arroyo Grande is a highly desirable area on the Central Coast. Located near Pismo State Beach, 101 freeway access, shopping centers, restaurants and more. In this area, housing is limited and rents are high. Excellent development opportunity! Exclusive Gateway Mixed-use Zoning. Complete project includes existing home which was recently updated. Potential $2500 monthly rental income while building. Home is 1749 sq ft, 2 large bedrooms with en-suite 2 full bathrooms. Brand new stainless steel appliances, new flooring and freshly painted interior, a fireplace in the living room, slider leading to a deck and a large 2 car garage. Plans include "shovel ready" approved 9 unit apartment complex and a mixed use building. Apartments are 1355 sq ft, 3 bedrooms, 2 bathrooms, 2 car garage with deck and 5 extra parking spaces. Phase 2 is a mixed-use building located on E Grand Ave. which includes an 1866 sq ft apartment above retail/office space. 9 parking spaces included. Existing commercial building currently rents for $750 per month. Verify with City of Arroyo Grande Planning Department. Adjacent half acre mixed use parcel is also for sale.

Price History
12/15/2020 Listed $1,950,000

General Features

Directions 101 Freeway to Brisco Rd. to Grand Ave. turn right, to Elm St. turn right. LHS
Listagentaor Pismo Coast
Listing Agent Gena Isaacson - BRE#01475903
Listing Agent State License 01475903
MLS Area ARRG - Arroyo Grande
Price Per Square Foot 1114.92
Property SubType Mixed Use
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard

Interior Features

Condo Area Unit Type Square Feet
Laundry Features Inside

Exterior Features

Building Area Total 1749.00
Land Use Multi-Family
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93420

Price
AVG $1.8M
$1.95M
Visits
AVG 44
6

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