230 Station WayArroyo Grande, CA 93420

Property Details for 230 Station Way

Year built

2000

Construction

WOOD

Lot size

1.10 AC

Property size (Sq ft)

9,108 SF

Zone code

VMU

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

007-482-029

APU

7482029

Description

This exceptional office property, Village Creek Promenade, located at 230 Station Way in Arroyo Grande, CA 93420, offers two available suites ranging from 1,748 to 1,920 square feet. Situated within a vibrant mixed-use building, this property boasts a prime location adjacent to the East Village and provides convenient access to US 101. The building itself totals 19,154 square feet and is comprised of two stories. The property features 59 parking spaces, and is zoned VMU (Village Mixed Use) under APN 007-482-024 in San Luis Obispo County. While one suite is currently configured for medical use, it offers adaptable space suitable for traditional office use as well. The building enjoys a diverse tenant mix, including medical, office, financial services, and residential occupants, creating a dynamic and thriving environment. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. The property is easily accessible and benefits from high visibility due to its location within the heavily trafficked Village Creek Promenade. No elevators are present in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,291,208

  6.5%

  $1,191,884

  7%

  $1,106,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,453

  Geo Method

  $1,731,977

• Alternative Use

  Use

  Valuation

  Residential

  $1,477,936

  Hospitality

  $1,353,781

  Educational

  $1,126,330

  Medical

  $1,165,066

  Retail

  $1,752,069

Location Insight

City

Arroyo Grande

County

San Luis Obispo

State

California

Latitude

35.1202

Longitude

-120.579

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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