Millman Team Real Estate

$1,700,000
7 Bed
4 Bath
10,506 Sqft
1.42 Acre Lot

748 Garrett Lane, Arroyo Grande, California 93420

  • Residential Property Type
  • 10,506 Sqft Square Footage
  • 1940 Year Built
Property 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.

Basic Details
Residential
For Sale
PI25170181
$1,700,000
Neighborhood
7
4
10,506 Sqft
1940
1.42 Acre
Active
4
Mixed Use
Features
: None
: Central
: None
: None
: All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Breakfast Bar, Separate/Formal Dining Room, Open Floorplan
: Inside, Washer Hookup, Gas Dryer Hookup, Laundry Closet, Electric Dryer Hookup
: Septic Tank
: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Phone Available, Propane
$0
Appliances
: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Electric Range, Electric Oven, Range Hood
Address Map
CA
San Luis Obispo
Arroyo Grande
93420
Garrett
748
Lane
W121° 25' 1.2''
N35° 2' 44.1''
Take Halcyon Rd to CA-1, turn left onto CA-1, turn right onto S Halcyon Rd, turn right onto CA-1 S/Mesa View Dr, turn right onto Garrett Ln, the destination will be on your right.
AG Mesa
IND
Neighborhood
Lucia Mar Unified
Additional Information
$0
$0
$0
$0
$0
: Suburban
1
1.0
: One
: Back Yard, 2-5 Units/Acre, Rectangular Lot, Corner Lot, Value In Land, Sloped Up
3
2025-08-07
1825000
1
1
: Well
Broker/Agent Information
Invest SLO
Chelsea King
Listing Information
Abel Contreras
pi02062620
Pi3420
Invest SLO
pi02152275
Pi3420
Cash,Conventional,1031 Exchange,FHA,VA Loan
Active
2026-02-04T23:27:09Z
CRMLS
: Standard
2025-08-07T13:02:44Z
Agent info
Ray Millman
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