$7,000,000

200 Station Way

Arroyo Grande CA, 93420

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.

Details

MLS#PI20020547
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year2000
Days On Site464

Features

SQ Feet19,003
Units10

Market Activity 93420

Loading Form
Loading Form
Area Information
StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG - Arroyo Grande
Listing VS Median (in 93420)
Price:
$7,000,000
low | high
Med:
$674,000
100% of Average
SqFt:
19,003
low | high
Med:
1,935
100% of Average
$ / SqFt:
$368
low | high
Med:
$348
55.440959763751% of Average
On Site:
464
low | high
Med:
227
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Michael Puhek LogoMLS Number: PI20020547
Listing Provided By:
Michael Puhek  of  RE MAX Del Oro
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.