


748 Garrett Lane, Arroyo Grande, CA 93420
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.
Bedrooms
7
Bathrooms
4
Square Feet
10,506
Lot Size
61,875 sqft
Year Built
1940
Property Type
Mixed Use
Days on Market
181
HOA Fee
N/A
Garage Total
1
MLS #
PI25170181
Interior Features
Breakfast Bar, Separate Formal Dining Room, Open Floorplan, All Bedrooms Down, Bedroom On Main Level, Main Level Primary
Appliances
Dishwasher, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater
Laundry
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Closet
Main Level Bedrooms
4
Main Level Bathrooms
3
Heating
Central
Total Parking Spaces
1
Garage Spaces
1
Lot Features
Two To Five Units Acre, Back Yard, Corner Lot, Rectangular Lot, Sloped Up, Value In Land
Sewer
Septic Tank
Water Source
Well
Suburban
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features
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