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748 - 750 Garrett Ln 748 Garrett Ln 7,464 SF 100% Leased Industrial Building Arroyo Grande, CA 93420 $2,373,064 CAD ($317.93 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Two Residences and One Industrial Shop
  • Mixed Use Lot

EXECUTIVE SUMMARY

Presenting a fantastic opportunity to own a mixed-use property on 1.42 acres in Arroyo Grande. Located just off the Pacific Coast Highway, this property offers easy access to both Arroyo Grande and Pismo Beach to the north, and the Nipomo trade district to the east. Industrial portion-This offering includes multiple industrial structures totaling 7,464 square feet, currently housing a metal fabrication business. The business is owner-operated, and the seller is open to negotiating a leaseback arrangement for the industrial portion of the property as part of the sale. Additionally, two residential homes are included, both occupied by long-term, stable tenants. Home 1: A traditional, site-built home with a master bedroom and several other rooms that can be converted into additional bedrooms by adding closets. The home features 1.5 bathrooms and a large, private fenced yard. The tenant currently pays $1,800 per month. A secondary structure in the backyard, with electrical supply, was previously used as a game room and is now being utilized for storage. Home 2: A well-maintained, 3-bedroom, 2-bath manufactured home with new flooring, granite countertops, vaulted ceilings, and a 3-year-old roof. The home sits on a large lot and includes a detached, 4-bay garage. Tenant currently pays $2,300 per month. All information is deemed reliable but not guaranteed. Buyers and Buyer’s Agents are responsible for verifying all details. Call today for more details on this unique offering.

PROPERTY FACTS

Price $2,373,064 CAD
Price Per SF $317.93 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 1.42 AC
Rentable Building Area 7,464 SF
No. Stories 1
Year Built 1991
Clear Ceiling Height 21’
Zoning IND - Industrial/Mixed Use

AMENITIES

  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
091-341-011
Land Assessment
$1,406,726 CAD
Improvements Assessment
$905,691 CAD
Total Assessment
$2,312,417 CAD
  • Listing ID: 37192674

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 748 Garrett Ln, Arroyo Grande, CA 93420

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