Description of 230 Station Way, Arroyo Grande, CA 93420

An incredible opportunity to own a strong stable asset in the historic Village of Arroyo Grande. Offering comprises two separate buildings (Building 1 9198 Sq Ft) (Building 2 101441 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 2,200sqft 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. Effortless management by owner / occupant.

Property Features of 230 Station Way, Arroyo Grande, CA 93420

TYPE
Mixed Use
Year Built
2000
Community
ARRG - Arroyo Grande
Features
Lot acreage is: 1.1000
Total square feet: 47916.00
Courtesy of: RE/MAX Del Oro, Michael Puhek

Homes for Sale Nearby 230 Station Way, Arroyo Grande, CA 93420

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Office License: 01971268
Agent License: 01441759
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Last Updated: 9/20/2019