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$5,495,000
221 Days On Site

1400 E Grand Avenue
Arroyo Grande, CA 93420

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
26,750
SqFt
$205
/SqFt
1982
Built
County:
San Luis Obispo
Listed by Dennis Allan of Allan Real Estate Investments [email protected]

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1400 E Grand Avenue1400 E Grand Avenue1400 E Grand Avenue1400 E Grand Avenue
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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.

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Listing Snapshot
Price 
$5,495,000
Days On Site 
221 Days
Bedrooms 
N/A
Inside Area (SqFt) 
26,750 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.52 Acres
Year Built 
1982
MLS® Number 
PI24073658
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoPrice changed to $5,495,000
2 weeks agoListing updated with changes from the MLS®
7 months agoStatus changed to Active
7 months agoListing first seen on site
General Features
Acres 
2.52
Additional Property Use 
Commercial
Number Of Stories 
1
Property Sub Type 
Retail
Special Circumstances 
Standard
SqFt Total 
26750
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Fencing 
BlockChain Link
Roof 
Flat
Community Features
Financing Terms Available 
Cash1031 Exchange
MLS Area 
ARRG - Arroyo Grande


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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Address:

EXP REALTY OF SOUTHERN CALIFORNIA, INC. CA DRE#02187306

10620 Treena St, Ste 230
San Diego, CA 92131

Tom Olsewski – DRE#01442461