For Sale
$1,199,000

727 El Camino Real Arroyo Grande, CA 93420

Prime CA land, hotel development potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional commercial land parcel, located at 727 El Camino Real in Arroyo Grande, California (APN 006-151-027), presents a unique investment opportunity. The 24,667 square foot lot is priced at $48.61 per square foot, totaling $1,199,000. A pre-designed 22-unit boutique hotel is available, featuring a 5,954 square foot building. The pro-forma net operating income (NOI) is projected at $368,099, resulting in a compelling 9.80% capitalization rate. Situated in San Luis Obispo County, this property offers significant potential for developers seeking to capitalize on the thriving hospitality sector in Arroyo Grande, CA 93420. The site's convenient location and attractive design make it an ideal platform for a profitable hotel venture. Detailed plans for the proposed hotel are available upon request. This is a fee-simple land sale, offering complete ownership and control to the buyer. Don't miss this chance to acquire a prime piece of commercial real estate in a desirable California location.

Highlights

  • 24,667 SF commercial lot in Arroyo Grande, CA (APN 006-151-027).
  • $1,199,000 asking price ($48.61/SF).
  • Pre-designed 22-unit boutique hotel plans available (5,954 SF building).
  • Projected NOI of $368,099 and 9.80% capitalization rate.
  • Fee-simple ownership.

Property Details for 727 El Camino Real

Property type
Land

Location Insight

City
Arroyo Grande
County
San Luis Obispo
State
California
Latitude
35.1224909
Longitude
-120.590606

FAQs

What type of property is this?
Land - Prime CA land, hotel development potential.
Where is the land located?
The property is located at 727 El Camino Real Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 24,667 SF commercial lot in Arroyo Grande, CA (APN 006-151-027).; $1,199,000 asking price ($48.61/SF).; Pre-designed 22-unit boutique hotel plans available (5,954 SF building).
How can I contact the broker?
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727 El Camino Real
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