200 Station Way Arroyo Grande CA 93420 | MLS PI20020547

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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.

Property Details

Price:
$6,500,000
MLS #:
PI20020547
Status:
Active
Address:
200 Station Way
Type:
Commercial
City:
Arroyo Grande
Listed Date:
Jan 28, 2020 (70 days)
State:
CA
ZIP:
93420
Year Built:
2000

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Courtesy of RE/MAX Del Oro. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2020. California Regional Multiple Listing Service. All rights reserved.
200 Station Way
Arroyo Grande, CA