$2,599,000

316 S Halcyon Road S

Arroyo Grande CA, 93420

Description

Total of 11 bedrooms and 9 bathrooms. Arroyo Grande (Multi-Residential & Commercial Property) arrives! 5 residences w/three houses, one duplex WITH A BRAND NEW PERMITTED THIRD BEDROOM AND BATHROOM, AND A NEWLY ADDED TWO STORY DREAM BUSINESS STRUCTURE BUILDING FOR TWO BUSINESSES. Separately gas & electric metered. Property includes a large rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future build-outs of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 4 covered. 1 of 5 homes has 3 bdrms 2 baths; one has 2 bdrm w/ 2 baths; 3 of the 5 homes features 2 bdrms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL PORTION FEATURES TWO PREMIUM BUSINESS SPACES NEWLY BUILT W 2810 ADDITIONAL SF. Total Currently rented for $10805 per month. The total (8) structures & all are rented with long-term renters at below market values. Possible medical office space, & existing plans for a new two story duplex included with the sale. All residential units 312,316,320,324 & 328 have washer/dryer hookups gas and electric. This parcel indeed has LOCATION, LOCATION! Guide your agent to write up your offer. Perfect landing for 1031 tax-exchange!

Details

MLS#PI21027540
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2015
Days On Site19

Features

SQ Feet8,776
Units7
Building(s)8
Water FrontNo

Market Activity 93420

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Area Information
StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG - Arroyo Grande
Listing VS Median (in 93420)
Price:
$2,599,000
low | high
Med:
$729,000
100% of Average
SqFt:
8,776
low | high
Med:
3,576
100% of Average
$ / SqFt:
$296
low | high
Med:
$204
81.163250708197% of Average
On Site:
19
low | high
Med:
80
23.75% of Average
Listing Updated: February 9, 2021 5:49:48 PM PST
Paul Masters LogoMLS Number: PI21027540
Listing Provided By:
Paul Masters  of  Home Masters Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.