748 - 750 Garrett Ln | 748 Garrett Ln
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748 - 750 Garrett Ln 748 Garrett Ln
7,464 SF 100% Leased Industrial Building Arroyo Grande, CA 93420 $1,999,000 ($268/SF)
Investment Highlights
- Two Residences and One Industrial Shop
- Mixed Use Lot
Executive Summary
Presenting a fantastic opportunity to own a mixed-use property on 1.42 acres in Arroyo Grande. Located just off the Pacific Coast Highway, this property offers easy access to both Arroyo Grande and Pismo Beach to the north, and the Nipomo trade district to the east. Industrial portion-This offering includes multiple industrial structures totaling 7,464 square feet, currently housing a metal fabrication business. The business is owner-operated, and the seller is open to negotiating a leaseback arrangement for the industrial portion of the property as part of the sale. Additionally, two residential homes are included, both occupied by long-term, stable tenants. Home 1: A traditional, site-built home with a master bedroom and several other rooms that can be converted into additional bedrooms by adding closets. The home features 1.5 bathrooms and a large, private fenced yard. The tenant currently pays $1,800 per month. A secondary structure in the backyard, with electrical supply, was previously used as a game room and is now being utilized for storage. Home 2: A well-maintained, 3-bedroom, 2-bath manufactured home with new flooring, granite countertops, vaulted ceilings, and a 3-year-old roof. The home sits on a large lot and includes a detached, 4-bay garage. Tenant currently pays $2,300 per month. All information is deemed reliable but not guaranteed. Buyers and Buyer’s Agents are responsible for verifying all details. Call today for more details on this unique offering!
Property Facts
Price | $1,999,000 | Lot Size | 1.42 AC |
Price Per SF | $268 | Rentable Building Area | 7,464 SF |
Sale Type | Investment or Owner User | No. Stories | 1 |
Property Type | Industrial | Year Built | 1991 |
Property Subtype | Manufacturing | Clear Ceiling Height | 21 FT |
Building Class | C |
Price | $1,999,000 |
Price Per SF | $268 |
Sale Type | Investment or Owner User |
Property Type | Industrial |
Property Subtype | Manufacturing |
Building Class | C |
Lot Size | 1.42 AC |
Rentable Building Area | 7,464 SF |
No. Stories | 1 |
Year Built | 1991 |
Clear Ceiling Height | 21 FT |
Amenities
- Yard
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PROPERTY TAXES
Parcel Number | 091-341-011 | Improvements Assessment | $629,691 |
Land Assessment | $978,040 | Total Assessment | $1,607,731 |
PROPERTY TAXES
Parcel Number
091-341-011
Land Assessment
$978,040
Improvements Assessment
$629,691
Total Assessment
$1,607,731
zoning
Zoning Code | IND (Industrial/Mixed Use) |
IND (Industrial/Mixed Use) |
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748 - 750 Garrett Ln | 748 Garrett Ln
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