Sold

Private Address

$6,300,000


$221.02 per sqft

Sold

28,504 sqft

Commercial

Built in 2003

Listed by John Rossetti with Rossetti Company 805-544-3900

Marketing Remarks: Great leased investment. 5.5 Capitalization Rate. Very attractive, newer center in the Village of Arroyo Grande. The Village, while always the heart of Arroyo Grande's retail and professional offices, including City Hall, is undergoing a renewed renaissance with the addition of new restaurants, city offices and retail development. The center is located on the city's main street, just off Highway 101. This is not a value added center, but in fact a center that needs no work. It is well maintained, well managed, and one of the newer more attractive projects in the Village. The center has ample parking. The center has no trouble attracting tenants and staying full.

SP1044577

MLS ID

March 18, 2024

Updated

Map

Private Address

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

2.81 Acres


Roof

Flat

Other Property Details

Area Name

ARRG - Arroyo Grande


Days on Market

448


Garage

No


Parking Total

0


View

No


County

San Luis Obispo


Pool

No

Listing Contact: 805-544-3900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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 3/18/2024 at 4:45 PM UTC

 

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