748 Garrett Lane

Arroyo Grande , CA 93420

MLS#: PI25170181

$1,825,000

Status: Active
Listing number: PI25170181
Listing provided by: Invest SLO
Listing agent phone: None
Last update: 3 days ago
On site: 5 days ago
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Property

Beds

7

Full Baths

4

1/2 Baths

None

Year Built

1940

Sq.Footage

7,464

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.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Open Floorplan, Master Downstairs

  • Total Bedrooms

    7

  • Bathrooms

    4

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Main Level Bedrooms

    4

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Pool

    Yes

  • Pool Features

    None

  • View

    Neighborhood

Area & Lot

  • Lot Features

    Back Yard, Corner Lot, Rectangular Lot, Sloped Up

  • Lot Size(acres)

    1.4205

  • Property Type

    Residential

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,825,000

  • Sq. Footage

    7, 464

  • Price/SqFt

    $244

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    20

  • Water Source

    Well

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Location

County

San Luis Obispo

Elementary School

Middle School

High School

Listing Courtesy of Chelsea King , Invest SLO

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Agent LinaMirza

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LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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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.

748 Garrett Lane

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