Tear down or fixer, your call! Located in a prime location in the highly sought-after neighborhood of The Village of Arroyo Grande. The 6,370sf lot has the hard to find Village Mixed Use Zoning (VMU) which allows additional residential units, office or retail units. Perfect for your ground-up build of a multi-unit building or several new homes. For renovators the home could have oodles of charm with your creative know-how. Home has 2 bedrooms 1 bath, a front porch, dormer windows, original wood floors in the living room and a bonus room off the patio. Located within blocks of the historic Village of Arroyo Grande a popular tourist spot where you'll find beautiful Victorian buildings, antique and specialty shops, restaurants and cafés. Just one block away you'll find Heritage Square Park where you can enjoy summer concerts and events. This property offers so many possibilities and terrific income potential.