Active

1400 E Grand Avenue

Arroyo Grande CA, 93420

$5,875,000


$219.63 per sqft

Active

26,750 sqft

Commercial

Built in 1982

Listed by Dennis Allan with Allan Real Estate Investments 805-473-7500

High profile Arroyo Grande location with a quality retail NNN leased investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering consists of 14 suites totaling 26,750 leasable square feet located on both sides of the Smart & Final market. The shopping center is co-anchored by Dollar Tree and Smart & Final which are not included in this offering. The shopping center has abundant parking and is a host to a weekly farmers market. The diversified tenant mix attracts a strong traffic flow to this friendly neighborhood shopping center. This investment provides a mix of internet resistant businesses and includes many long term tenants. Exterior tenant signage, ceiling lights and exterior lighting have been upgraded to LED. Other improvements include the replacement of 21 HVAC units in 2014/2015. A new roof and roof hatch were installed on the western parcel in October of 2023. The parking lot is scheduled for a major patching and sealing job in August or September. There is potential for further development of a mixed use project on a portion of the parking area.

PI24073658

MLS ID

April 18, 2024

Listed

July 14, 2024

Updated

Map

1400 E Grand Avenue
Arroyo Grande CA, 93420

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.52 Acres


Lot Features

Street Level


Roof

Flat

Other Property Details

Area Name

ARRG - Arroyo Grande


Days on Market

71


Garage

No


View

No


County

San Luis Obispo


Water Source

Public


Pool

No

Listing History

Date

Event

Price

6/28/2024

Price Change

$5,875,000

-2%

Listing Contact: 805-473-7500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:10 AM UTC

 

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