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1140-1148 E Grand Ave 5,750 SF 100% Leased Retail Building Arroyo Grande, CA 93420 $1,250,000 ($217.39/SF) 8.30% Cap Rate
Executive Summary
Investment Opportunity in Prime Arroyo Grande Location
Positioned along the highly desirable Grand Avenue corridor, this fully occupied mixed-use property offers a rare opportunity to acquire a stable, income-producing asset in the heart of Arroyo Grande.
The ±6,000 square foot property features a well-balanced mix of residential and commercial units, providing diversified income streams and long-term investment security. With 100% occupancy and strong in-place rents, this asset delivers immediate cash flow and a solid cap rate of approximately 6.92%.
Built in 1959, the property sits on a prime site with ample on-site parking and excellent visibility. Its central location offers convenient access to Highway 101 and is surrounded by established businesses, including Nova Coffee and Adventist Health, making it an attractive destination for both tenants and customers.
This mixed-use center combines the stability of residential income with the upside of commercial tenancy, making it ideal for investors seeking a well-located, turnkey asset in one of the Central Coast’s most active commercial corridors.
Positioned along the highly desirable Grand Avenue corridor, this fully occupied mixed-use property offers a rare opportunity to acquire a stable, income-producing asset in the heart of Arroyo Grande.
The ±6,000 square foot property features a well-balanced mix of residential and commercial units, providing diversified income streams and long-term investment security. With 100% occupancy and strong in-place rents, this asset delivers immediate cash flow and a solid cap rate of approximately 6.92%.
Built in 1959, the property sits on a prime site with ample on-site parking and excellent visibility. Its central location offers convenient access to Highway 101 and is surrounded by established businesses, including Nova Coffee and Adventist Health, making it an attractive destination for both tenants and customers.
This mixed-use center combines the stability of residential income with the upside of commercial tenancy, making it ideal for investors seeking a well-located, turnkey asset in one of the Central Coast’s most active commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,750 SF
Building Class
C
Year Built
1940
Price
$1,250,000
Price Per SF
$217.39
Cap Rate
8.30%
NOI
$103,731
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.40 AC
Zoning
Mixed use - Mixed Use
Frontage
149’ on E Grand Ave
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 077-113-015 | Improvements Assessment | $593,453 |
| Land Assessment | $604,342 | Total Assessment | $1,197,795 |
Property Taxes
Parcel Number
077-113-015
Land Assessment
$604,342
Improvements Assessment
$593,453
Total Assessment
$1,197,795
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1140-1148 E Grand Ave