748 Garrett Lane Arroyo Grande, CA 93420
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 $161
MLS Listing ID PI-25170191
Year Built 1940
Lot Size 1.420 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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
Heating Central
Laundry Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Driveway Level, Garage, Paved, Private, RV Access/Parking, RV Potential, Workshop in Garage, Asphalt, Driveway
Garage Spaces 4.0
Pool None
Community Features Hiking, Suburban
Utilities Available Propane, Sewer Connected, Water Connected, Electricity Connected
View Y/N Yes
View Hills
Building
Lot Description Corner Lot, Rectangular Lot, Up Slope from Street, Value In Land, 2-5 Units/Acre, Back Yard
Sewer Other, Conventional Septic
Nearby Locations