1140 E Grand Ave, Arroyo Grande, CA 93420 For Sale

Investment Opportunity in Prime Arroyo Grande Location

Positioned along the highly desirable Grand Avenue corridor, this fully occupied mixed-use property offers a rare opportunity to acquire a stable, income-producing asset in the heart of Arroyo Grande.

The ±6,000 square foot property features a well-balanced mix of residential and commercial units, providing diversified income streams and long-term investment security. With 100% occupancy and strong in-place rents, this asset delivers immediate cash flow and a solid cap rate of approximately 8.10%.

Built in 1959, the property sits on a prime site with ample on-site parking and excellent visibility. Its central location offers convenient access to Highway 101 and is surrounded by established businesses, including Nova Coffee and Adventist Health, making it an attractive destination for both tenants and customers.

This mixed-use center combines the stability of residential income with the upside of commercial tenancy, making it ideal for investors seeking a well-located, turnkey asset in one of the Central Coast’s most active commercial corridors.