230 Station Way, Arroyo Grande, CA 93420

$6,800,000
19,003
SqFt
List Price
$6,800,000
Price Change
▼ $450,000 1566620889
Status
ACTIVE
MLS#
PI19070573
Year Built
2000
Living Sq. Ft
19,003
Days on Market
206
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

An incredible opportunity to own a strong stable asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 101441 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 2,200sqft 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. Effortless management by owner / occupant.

Additional Information

Water
Public

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Calculator source: Real Geeks

Listing courtesy of Michael Puhek from RE/MAX Del Oro

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.