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1253 E Grand Ave - Approved 8-townhome development 0.48 Acres of Commercial Land Offered at $1,950,000 in Arroyo Grande, CA 93420
Investment Highlights
- 8 fee-simple, individually mapped townhome lots
- ~1,867 SF per home: 3 bd / 3.5 ba, in-unit elevator, 2-car garage, rooftop deck
- Land basis ˜ $243,750/lot (˜ $93/SF land; ˜ $131/buildable SF)
- City-approved plans, recorded map & CC&Rs
- 14,936 SF total sellable living area + eight attached 2-car garages
- Walkable East Grand corridor — minutes to Hwy 101, Pismo Beach & the Village
Property Facts
| Price | $1,950,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Property Type | Land | ||
| Zoning | GMU (Gateway Mixed Use) | ||
| Price | $1,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.48 AC |
| Zoning | GMU (Gateway Mixed Use) |
1 Lot Available
Lot
| Price | $1,950,000 | Lot Size | 0.48 AC |
| Price Per AC | $4,042,162.87 |
| Price | $1,950,000 |
| Price Per AC | $4,042,162.87 |
| Lot Size | 0.48 AC |
Description
A rare shovel-ready development play on California's Central Coast. This fully entitled, mapped infill site sits behind the Banc of California branch on East Grand Avenue in Arroyo Grande and carries City-approved plans for eight three-story coastal townhomes on individually mapped, fee-simple lots (Tract 3210, Lots 1–8) — a true planned development, not condominiums. Each home is approximately 1,867 SF: 3 bedrooms, 3 full baths plus a powder room, with a private in-unit elevator serving all three floors, an attached two-car garage, in-unit laundry, a top-floor great room opening to a balcony, and its own private ~244 SF rooftop deck. Two mirrored floor plans (Plan A / Plan B) give the row visual variety. Entitlements are in hand: recorded final map, recorded CC&Rs, and an established HOA, with access from East Grand Avenue secured by recorded easement across the adjacent parcel. Zoned Gateway Mixed Use in a walkable corridor — grocery and retail within a short walk, minutes to Highway 101, Pismo Beach, and the historic Arroyo Grande Village. A builder can move straight to construction drawings and pull permits
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1253 E Grand Ave - Approved 8-townhome development
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