Positioned in the heart of Arroyo Grande’s vibrant trade corridor, this rare mixed-use property offers both immediate income and exceptional future development potential. Situated on a 0.15-acre lot along Grand Avenue—the primary artery connecting Arroyo Grande, Grover Beach, and the Pacific Ocean—the site features an existing one-bedroom, one-bath residence located toward the front of the parcel, allowing space for approximately eight on-site parking spaces. Mixed-use commercial zoning provides a wide range of possibilities for redevelopment, expansion, or live-work concepts. Just moments away, the charming Village of Arroyo Grande offers popular restaurants, boutique shopping, and a strong sense of community, further enhancing the property’s long-term value. According to City Planning, the site is well-suited for mixed-use development, making this an outstanding opportunity for investors, developers, or visionaries looking to capitalize on location, zoning flexibility, and future upside—while benefiting from rental income in the interim. Buyers are advised to verify all potential uses and development opportunities with the City of Arroyo Grande.
Current real estate data for Single Family in Arroyo Grande as of May 19, 2026
82
Single Family Listed
71
Avg DOM
739
Avg $ / SqFt
$1,662,431
Avg List Price
Property Details
Price:
$449,000
MLS #:
PI26041924
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
agwestofhwy101
Listed Date:
Feb 25, 2026
Finished Sq Ft:
592
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1936
Schools
School District:
Lucia Mar Unified
Interior
Bathrooms
1 Full Bathroom
Cooling
NO
Heating
NO
Interior Features
CF
Laundry Features
GE, WH
Levels
A
Main Level Bathrooms
1
Main Level Bedrooms
1
Exterior
Common Walls
NCW
Community Features
SDW, CRB
View
NO
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address414 E Grand Arroyo Grande CA
- CityArroyo Grande
- CountySan Luis Obispo
- Zip Code93420
Subdivisions in Arroyo Grande
Property Summary
- 414 E Grand Arroyo Grande CA is a Single Family for sale in Arroyo Grande, CA, 93420. It is listed for $449,000 and features 1 beds, 1 baths, and has approximately 592 square feet of living space, and was originally constructed in 1936. The current price per square foot is $758. The average price per square foot for Single Family listings in Arroyo Grande is $739. The average listing price for Single Family in Arroyo Grande is $1,662,431.
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Courtesy of Mariani Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 414 E Grand
Arroyo Grande, CA