Mixed-Use Commercial and
46404 Arroyo Seco RD Greenfield, CA 93927
For Sale
$675,000
COMMERCIAL - GREENFIELD, CA
Property Size1,875 SF
Lot Size2.34 Acres
Price / SF$360
Days on Market73
Property Features for 46404 Arroyo Seco RD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking
2
Parking features
Assigned, Off Street
Security features
Security
Standard status
Active
Lot size
2.34 Acres
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Wall Furnace
Cooling system
Wall Unit(s)
Water source
Well
Building Details
Year built
1973
Roof type
Composition
Listing Agency:
KW Coastal Estates
(831) 622-6200
Listed By:
Monterey Peninsula Home Team · License #70000352
(831) 594-3290
Added: May 18
Changed: Jun 3
Last Checked: Jul 29 at 4:06PM
MLS# ML82047717
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use offering includes a 1,875+/- sq. ft. former retail/commercial building and a separate 1,536+/- sq. ft. two-bedroom residence. The property is located on approximately 2.34 acres and was previously operated as an antique/country store, which is no longer in operation. With the retail building and residence existing as distinct improvements, buyers have the basis to reimagine the site for residential, commercial, recreational, or other permitted uses, subject to applicable approvals.
Set in the Arroyo Seco area of South Monterey County, the property is described as being near the Los Padres National Forest and outdoor recreation areas. The parcel’s character and acreage support the idea of a multi-use setup, with space available for redevelopment and site planning across the combined structures.
From a practical standpoint, the property can appeal to buyers looking for an on-site residence alongside a second income-producing or operational building concept, or for those considering a combined redevelopment approach across both structures. The listing’s stated commercial zoning (“Comm”) provides a framework for evaluating permitted use plans for the former retail building and the separate home.
Set in the Arroyo Seco area of South Monterey County, the property is described as being near the Los Padres National Forest and outdoor recreation areas. The parcel’s character and acreage support the idea of a multi-use setup, with space available for redevelopment and site planning across the combined structures.
From a practical standpoint, the property can appeal to buyers looking for an on-site residence alongside a second income-producing or operational building concept, or for those considering a combined redevelopment approach across both structures. The listing’s stated commercial zoning (“Comm”) provides a framework for evaluating permitted use plans for the former retail building and the separate home.
Key Highlights
- Mixed‑use property with commercial building and separate residence on 2.34 acres.
- Opportunity to reimagine the former retail space for residential, commercial, or recreational use.
- Excellent location near Los Padres National Forest and outdoor recreation.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $30.00 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $54.8k | $29.25 |
| − OpEx | −$24.7k | −$13.16 |
| NOI | $30.2k | $16.09 |
1,875 SF · lease $30.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$430.9K
$377.1K – $502.7K
NOI $30,164 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$715.9K
$626.4K – $835.3K
NOI $50,115 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - A former retail building plus a separate two-bedroom home offers flexible options for permitted uses on a sizable parcel.
Where is this storefront property located?
The property is located at 46404 Arroyo Seco RD Greenfield, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Mixed‑use property with commercial building and separate residence on 2.34 acres.; Opportunity to reimagine the former retail space for residential, commercial, or recreational use.; Excellent location near Los Padres National Forest and outdoor recreation.
