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Karen Hiatt

karen.hiatt@engelvoelkers.com +1(805) 551-1225

Listed by Chelsea King • Invest SLO

$ 1,825,000

Est. payment -/mo

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748 Garrett Lane Arroyo Grande, CA 93420

7 Beds

4 Baths

10,506 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 10,506 sqft

Price per Sqft $173

MLS Listing ID PI-25170181

Bedrooms 7

Full Baths 4

Year Built 1940

Lot Size 1.420 Acres

Property Sub-Type Commercial/Residential

Property Description

Large industrial building + two single family homes. Positioned on 1.42 acres in a highly accessible Arroyo Grande location, this industrial/mixeduse property presents an exceptional opportunity for investors or owner-users. Just minutes from both Pismo Beach and Nipomo's commercial core, the site offers excellent visibility and easy access to areas along the Central Coast. The industrial/commercial portion of the property encompasses approximately 7,464 square feet of industrial space, currently home to a long-standing, locally operated welding and metal fabrication business. The seller is open to leasing back the industrial portion, allowing for immediate rental income with a stable commercial tenant in place. In addition to the industrial component, the property features two income-generating residences. The first is a site-built home offering a spacious layout with 1 bedroom, 1.5 bathrooms, and 1,482 sqft with potential for two additional rooms with closet additions. A private fenced yard and detached structure for storage adding flexibility to the space. The second residence is a, 3-bedroom, 2-bathroom, 1,560sqft manufactured home that has been upgraded with new flooring, granite countertops, and vaulted ceilings. A detached four-bay garage and a newer roof (installed just three years ago) further enhance the property's appeal. With strong rental history, a desirable location, and a unique mix of commercial and residential components, this property is well-suited for investors seeking steady cash flow or buyers looking for live-work flexibility. Reach out today to explore the possibilities this dynamic property offers.

Location

State CA

County San Luis Obispo

Area Ag Mesa

Zoning IND

Interior

Interior Features Open Floorplan, Kitchen Open to Family Room

Heating Central

Cooling None

Fireplaces Type None

Laundry Gas & Electric Dryer Hookup, In Closet, Inside, Washer Hookup

Exterior

Garage Spaces 1.0

Pool None

Community Features Suburban

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Phone Available, Propane

View Y/N Yes

Building

Lot Description Corner Lot, Rectangular Lot, Up Slope from Street, Value In Land, 2-5 Units/Acre, Back Yard

Sewer Other, Conventional Septic

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

Karen Hiatt

748 Garrett Lane Arroyo Grande, CA 93420

Key Details

Location

Interior

Exterior

Building

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748 Garrett Lane