Greg Malik Real Estate
2376 Precision Drive
Arroyo Grande, CA 93420

$1,200,000

Description

Two ~2.94 Acre, Industrial Zoned parcels located on the Arroyo Grande Mesa. Currently it is one APN, but the owner would like to divide the parcel into two parcels. The parcels have water rights via Weso Water and Property Co, a mutual water company, that services six parcels located on or near Precision Drive. There are three wells that feed Weso Water along with a 60,000 gallon water tank which is located on this parcel. Perfect lots for building one large warehouse or subdivide and develop into several lots. Property is located next to Fluid Resource Management which is currently expanding its footprint on Precision Drive. Just south Zoo Med has plans to expand and build an additional 140,000 sf in two Phases (70,000 sf each phase) Property is north/east of Hwy 1 and thus NOT in the coastal zone. Precision Drive is gated at Winterhaven Way allowing for a private and secure development. Owner would like to split the current lot into two parcels. However, the property may also be purchased as one.

Details

MLS#SC18026986
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site314

Features

SQ Feet70,000
Story(s)0
ZoningIndustrial

Market Activity 93420

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Area Information

StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG - Arroyo Grande
Listing VS Median (in 93420)
Price:
$1,200,000
low | high
Med:
$725,000
89.583333333333% of Average
SqFt:
70,000
low | high
Med:
1,710
100% of Average
$ / SqFt:
$17
low | high
Med:
$424
100% of Average
On Site:
314
low | high
Med:
215
100% of Average
Listing Updated: 12/15/2018
MLS Number: SC18026986
Listing Provided By:
Patrick Wilkinson  of  Central Commercial Group
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