Seller Financing
Address
316 S Halcyon Road S Arroyo Grande, CA
Price
$ 2,659,000
Property Attributes
  • MLS#PI21027540
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CityArroyo Grande
  • AreaArroyo Grande
  • Zip93420
  • StyleMixed Use
  • Price$ 2,659,000
  • Bedrooms11
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage8776
  • Lot Size0.79 Acres
Listing Provided Courtesy Of:
Paul Masters with Home Masters Realty - 805-878-0796
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Two recent increases with rents effective October 2021! Total of 11 bedrooms and 9 bathrooms. Arroyo Grande (Multi-Residential & Commercial Property) arrives! 5 residences w/three houses, one duplex WITH A BRAND NEW PERMITTED THIRD BEDROOM AND BATHROOM, AND A NEWLY ADDED TWO STORY DREAM BUSINESS STRUCTURE BUILDING FOR TWO BUSINESSES. Separately gas & electric metered. Property includes a large rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future build-outs of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 4 covered. 1 of 5 homes has 3 bdrms 2 baths; one has 2 bdrm w/ 2 baths; 3 of the 5 homes features 2 bdrms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL PORTION FEATURES TWO PREMIUM BUSINESS SPACES NEWLY BUILT W 2810 ADDITIONAL SF. Total Currently rented for $11745 per month. The total (8) structures & all are rented with 3 long-term renters at below market values. Possible medical office space, & existing plans for a new two story duplex included with the sale. All residential units 312,316,320,324 & 328 have washer/dryer hookups gas and electric. This parcel indeed has LOCATION, LOCATION. Perfect landing for 1031 tax-exchange!

Price History
2/10/2021 Listed $2,599,000

General Features

Heating Natural Gas, Wall Furnace
Listing Agent Paul Masters - BRE#01194435
Listing Agent State License 01194435
MLS Area ARRG - Arroyo Grande
Property Sub Type Additional Mixed Use
Property SubType Mixed Use
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Conventional, Contract, Lease Back, Owner Will Carry
Total Units 7
Water Sewer Expense 4200

Interior Features

Heating Y/N Yes
Laundry Features Washer Hookup, Gas Dryer Hookup

Exterior Features

Lot Features Yard
Lot Size Acres 0.79
Lot Size Area 34412
Lot Size Source Assessor
Lot Size Square Feet 34412
Lot Size Units Square Feet
Number of Buildings 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93420

Price
AVG $1.17M
$2.66M
Visits
AVG 65
121
Year Built
AVG 1996
2015
Walkscore
AVG 63
55
Data Provided by Walkscore ® not using MLS data

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