727 El Camino Real, Arroyo Grande, CA 93420-3239
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Arroyo Grande, CAArroyo Grande. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.