Active
1400 E Grand Avenue
Arroyo Grande CA, 93420
$5,675,000
$212.15 per sqft
Active
26,750 sqft
Commercial
Built in 1982
Listed by Dennis Allan with Allan Real Estate Investments [email protected]
High profile fully leased NNN investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering consists of 14 suites totaling 26,750 leasable square feet located on both sides of the Smart & Final market. The shopping center is co-anchored by Dollar Tree and Smart & Final which are not included in this offering. The shopping center has abundant parking and is a host to a weekly farmers market. The diversified tenant mix attracts a strong traffic flow to this friendly neighborhood shopping center. This investment provides a mix of internet resistant businesses and includes many long term tenants. Exterior tenant signage, ceiling lights and exterior lighting have been upgraded to LED. Other improvements include the replacement of 21 HVAC units in 2014/2015. A new roof and roof hatch were installed on the western parcel in October of 2023. The parking lot was upgraded in September, 2024. There is potential for further development of a mixed use project on a portion of the parking area.
PI24073658
MLSⓇ ID
April 18, 2024
Listed
October 17, 2024
Updated
Map
1400 E Grand Avenue
Arroyo Grande CA, 93420
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.52 Acres
Lot Features
Street Level
Roof
Flat
Other Property Details
Area Name
ARRG - Arroyo Grande
Days on Market
172
Garage
No
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
9/20/2024 | Price change | $5,675,000 -4% |
6/28/2024 | Price change | $5,875,000 -2% |
Listing Contact: 805-473-7500
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Data last updated on 10/17/2024 at 1:46 PM UTC