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748 Garrett Ln
For Sale $1,700,000 ($161.81 per Sq Ft)
$1,700,000 ($161.81 per Sq Ft)
- 3 Units
- 10,506 Sq Ft
- 61,875 Sq Ft
- Unknown Cap Rate
Description
Large industrial building + two single family homes. Positioned on 1.42 acres in a highly accessible Arroyo Grande location, this industrial/mixeduse property presents an exceptional opportunity for investors or owner-users. Just minutes from both Pismo Beach and Nipomo’s commercial
core, the site offers excellent visibility and easy access to areas along the Central Coast. The industrial/commercial portion of the property
encompasses approximately 7,464 square feet of industrial space, currently home to a long-standing, locally operated welding and metal
fabrication business. The seller is open to leasing back the industrial portion, allowing for immediate rental income with a stable commercial
tenant in place. In addition to the industrial component, the property features two income-generating residences. The first is a site-built home
offering a spacious layout with 1 bedroom, 1.5 bathrooms, and 1,482 sqft with potential for two additional rooms with closet additions. A private
fenced yard and detached structure for storage adding flexibility to the space. The second residence is a, 3-bedroom, 2-bathroom, 1,560sqft manufactured home that has been upgraded with new flooring, granite countertops, and vaulted ceilings. A detached four-bay garage and a newer
roof (installed just three years ago) further enhance the property's appeal. With strong rental history, a desirable location, and a unique mix of
commercial and residential components, this property is well-suited for investors seeking steady cash flow or buyers looking for live-work
flexibility. Reach out today to explore the possibilities this dynamic property offers.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,700,000 |
| Property Type | Flex Space |
| Usable Sqft | 10,506 |
| Number of Stories | 1 stories |
| Parking Spots | 1 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 091341011 |
| MLS # | PI25170181 |
| Property ID | 322057695 |
| Lot Sqft | 61,875 |
| Zoning | IND |
| Total Units | 3 |
| Days on Market | 244 |
| Original List Price | $1,825,000 |
| Applicances | Dishwasher,Electric Oven,Electric Range,Gas Oven,Gas Range,Microwave,Refrigerator,Range Hood,Water Heater% |
| Date Updated | February 04, 2026 |
| Date Created | July 08, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Chelsea King an agent of Invest SLO. Lic #02152275
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 04, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT