Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GC · Arroyo Grande, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for GC in Arroyo Grande, CA.
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Find the owner behind the property.
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