748 Garrett Lane Arroyo Grande CA 93420 MLS #PI25170181

  1. ca
  2. arroyo-grande
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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&#39'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.

Property Details

Schools

School District:
Lucia Mar Unified

Interior

Appliances
Dishwasher, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater
Cooling
None
Fireplace Features
None
Heating
Central
Interior Features
Open Floorplan

Exterior

Community Features
Suburban
Garage Spaces
1.00
Lot Features
2-5 Units/ Acre, Back Yard, Corner Lot, Rectangular Lot, Up Slope from Street, Value In Land
Parking Spots
1.00
Pool Features
None
Sewer
Conventional Septic
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Well

Financial

Association Fee
0.00
Utilities
Cable Available, Electricity Connected, Phone Available, Propane, Sewer Connected, Water Connected

Arroyo Grande Neighborhoods

Courtesy of Invest SLO. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
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