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200 Station Arroyo Grande, CA

$7,000,000

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Property Description

An incredible opportunity to own a strong asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 10144 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 2,200 sqft 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. Easy management currently by owner / occupant.

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Property Information

  • Address: 200 Station, Arroyo Grande, CA 93420. 
  • Price: $7,000,000 
  • MLS #: PI20020547 
  • Year Built: 2000 
  • Listing Courtesy of: RE/MAX Del Oro 
  • City: Arroyo Grande 
  • Postal Code: 93420 
  • County: San Luis Obispo 

Amenities

  • Cooling: Central Air 
  • Heating: Yes 
  • Heat Source: Central 

Other

  • Description: An incredible opportunity to own a strong asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 10144 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 2,200 sqft 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. Easy management currently by owner / occupant. 
  • List Date: January 28, 2020 
  • Status: Active 
  • Directions: Merge onto Traffic Way in Arroyo Grande and turn right onto Station Way. The property will be on the right hand side of the road. 

Other

  • Listing Agent State License: 01441759 
  • Listing Office State License: 01971268 

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Based on information from California Regional Multiple Listing Service, Inc. as of January 24th, 2021 at 22:41:19PM UTC. 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.