Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1650 E Grand Ave Arroyo Grande, CA 93420

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former Rite Aid building in high-traffic area near US-101.

    Property size:
    16,320 SF
    Lot size:
    2.58 Acres

    Property Features for 1650 E Grand Ave

    General Information

    Size
    16,320 SF
    Lot size
    2.58 Acres

    Source: Lee & Associates | Los Olivos Agent Austin Jackson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building in Arroyo Grande

    The property is a 16,320 square foot freestanding retail building, formerly a Rite Aid. It is located at the signalized intersection of E. Grand Ave and Halcyon Rd, described as a highly trafficked corridor in the Arroyo Grande trade area. The property is positioned in close proximity to US-101 and is surrounded by national retailers including Walmart, CVS, Starbucks, and Food 4 Less. The location offers visibility and consumer draw, as well as ingress and egress.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lynnette Borgman, PharmD, Kathryn T. Andrusko-Furphy, PHARMD, Jerry Shapazian, Ayman Mohsen, Rite Aid Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6083182
    Latitude
    35.1215187

    Nearby Similar for Sale

    • $250,000

      RCFE-6 Business Opportunity

      Turnkey RCFE-6 business in Arroyo Grande, CA.
      824 Jacana Ct, Arroyo Grande, CA 93420
      View Details
    • $5,500,000
      3,267,000.00 Acres

      75-Acre Arroyo Grande Estate

      Secluded 75-acre estate with historic farmhouse near Pismo Beach.
      1680 Los Berros Rd, Arroyo Grande, CA 93420
      View Details
    • $899,000
      1,751 SF

      Versatile Arroyo Grande Commercial Property

      Adaptable space for medical or professional office uses.
      1577 El Camino Real, Arroyo Grande, CA 93420
      View Details
    • $4,250,000

      Arroyo Grande Commercial Nursery Operation

      60-acre commercial nursery with extensive greenhouse and support structures.
      808 Albert Way, Arroyo Grande, CA 93420
      View Details
    • $825,000

      Arroyo Grande Duplex Opportunity

      Versatile duplex near Arroyo Grande Village with rental potential.
      324 Short St, Arroyo Grande, CA 93420
      View Details
    • $1,975,000

      Arroyo Grande Commercial Space Opportunity

      Two-level commercial space in Arroyo Grande's high-traffic area.
      134 E Branch St, Arroyo Grande, CA 93420
      View Details

    FAQs

    What type of property is this?
    Drug store - Former Rite Aid building in high-traffic area near US-101.
    Where is this drug store located?
    The property is located at 1650 E Grand Ave Arroyo Grande, CA.
    What are key features of this property?
    This property features: - High-traffic location at the signalized intersection of E. Grand Ave and Halcyon Rd.; - Freestanding retail building with **16,320 SF of space**.; - **Excellent visibility and easy ingress/egress**.
    (805) 962-6700
    Request Owner's contact information
    1650 E Grand Ave Arroyo Grande, CA 93420
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1650 E Grand Ave
    Arroyo Grande, CA 93420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1650 E Grand Ave Arroyo Grande, CA 93420
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.