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    200-230 Station Way

    Arroyo Grande, CA 93420
    • $7,000,000
    • STATUS: Active
    • ON SITE: 300 days
    • ID#: PI20020547
    UPDATED: 18 min ago
    $7,000,000
    • 0
      BEDS
    • 1.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,003
      SQFT
    • $368
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2000
    County:

    School Ratings & Info

    Description

    An incredible opportunity to own a strong asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 10144 Sq Ft) within the four building "Village Creek Promenade", a professional medical / dental business park. Both buildings sit on a single, legal parcel with "mixed use" zoning. The subject property located at 200-230 Station Way is a mixed use building that includes medical/office/service/residential based tenants There are two tastefully designed residential flats that are currently being rented out as an Airbnb, Lush landscaping creates a genuine "park like" setting. The larger 2,200 sqft apartment has 2 full kitchens. Well diversified, high quality tenant base provides long term stability and security. This building is stabilized and has an excellent tenant mix of medical occupancies, dental and tax and financial services. Being near to highway 101, it has excellent accessibility. Approximately $1,800,000 worth of high end tenant improvements. (Cap Rate is based on last years expenses, proforma rent on vacancy, and current rent roll)This property is nothing short of pristine and it shows like a dream. Easy management currently by owner / occupant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T14:29:16.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/102747946
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    200-230 Station Way Arroyo Grande, CA 93420

    • Price: $7,000,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: PI20020547
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.1
    Acres
    19,003
    SQFT
    $368
    $/SQFT
    2000
    Built
    Neighborhood:
    ARRG - Arroyo Grande
    County:
    San Luis Obispo
    Area:
    ARRG - Arroyo Grande
    Property Description
    An incredible opportunity to own a strong asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 10144 Sq Ft) within the four building "Village Creek Promenade", a professional medical / dental business park. Both buildings sit on a single, legal parcel with "mixed use" zoning. The subject property located at 200-230 Station Way is a mixed use building that includes medical/office/service/residential based tenants There are two tastefully designed residential flats that are currently being rented out as an Airbnb, Lush landscaping creates a genuine "park like" setting. The larger 2,200 sqft apartment has 2 full kitchens. Well diversified, high quality tenant base provides long term stability and security. This building is stabilized and has an excellent tenant mix of medical occupancies, dental and tax and financial services. Being near to highway 101, it has excellent accessibility. Approximately $1,800,000 worth of high end tenant improvements. (Cap Rate is based on last years expenses, proforma rent on vacancy, and current rent roll)This property is nothing short of pristine and it shows like a dream. Easy management currently by owner / occupant.
    Exterior Features

    Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.00 Country Us Land Use Other Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Michael Puhek of Re/Max Del Oro


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T14:29:16.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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