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200 Station Way, Arroyo Grande, CA 93420
0 Beds
0 Baths
n/a sqft

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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.
  • Price:
  • $7,000,000
  • Year Built:
  • 2000
  • Listing ID #:
  • PI20020547
  • Street Address:
  • 200 Station Way
  • City:
  • Arroyo Grande
  • State:
  • California
  • Postal Code:
  • 93420
  • County:
  • San Luis Obispo
  • Community:
  • Arroyo Grande
  • Listing Status:
  • Active
  • Number Of Units:
  • 10
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 2000
  • Approximate Lot Size Range Source:
  • Assessor
  • Days On Market:
  • 160
  • Previous Listing Price:
  • 6500000.00
  • Price Per Square Foot:
  • 368.36
  • Laundry Description:
  • Inside
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Central
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Michael Puhek of RE/MAX Del Oro (: 01441759)
  • CRMLS

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