A DEVELOPERS DREAM WITH CURRENT CASHFLOW! An approximately 4.3 acre, multi-family parcel adjacent to the Nipomo shopping corridor and recently completed Grocery Outlet Bargain Market shopping center. Owner is currently in process of securing entitlements to allow for a subdivided development. Owner is pursuing 54-58 duet units as shown in the photos.
A 3/2 2000sf SFH sits on the property with long-term tenants that more than covers holding costs. SFH is on city water, has septic, and power connected. Seller has secured an Intent To Serve from the Nipomo CSD for up to 112 units but this will be reduced with the current duet plan.
Seller would consider carrying a first-trust deed note, terms to be negotiated.
Don’t miss the rare opportunity to acquire high-density residential land in the heart of Nipomo!
A 3/2 2000sf SFH sits on the property with long-term tenants that more than covers holding costs. SFH is on city water, has septic, and power connected. Seller has secured an Intent To Serve from the Nipomo CSD for up to 112 units but this will be reduced with the current duet plan.
Seller would consider carrying a first-trust deed note, terms to be negotiated.
Don’t miss the rare opportunity to acquire high-density residential land in the heart of Nipomo!
Property Details
Price:
$3,350,000
MLS #:
SC24014963
Status:
Active
Baths:
0
Address:
646 Grande Ave 095579002
Type:
Land
Subdivision:
Nipomo340
Neighborhood:
npmonipomo
City:
Nipomo
Listed Date:
Jan 23, 2024
State:
CA
ZIP:
93444
Lot Size:
187,308 sqft / 4.30 acres (approx)
Schools
Interior
Exterior
Community Features
Suburban
Fencing
Wire, Wood
Lot Features
6-10 Units/ Acre, 11-15 Units/ Acre, 16-20 Units/ Acre, 21-25 Units/ Acre, Lot Over 40000 Sqft, Near Public Transit, Secluded, Value In Land, Yard
Sewer
Conventional Septic
View
Hills, Mountain(s)
Water Source
Public
Financial
Association Fee
0.00
Buyer Agent Compensation
2.500
Utilities
Cable Connected, Electricity Connected, Propane, See Remarks
Map
Contact Us
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Born and raised in Massachusetts and living throughout New England, Bunny has always enjoyed being close to the coast. Her move to California’s Central Coast has kept her near lovely, natural beaches with the added attraction of the desirable Mediterranean climate. Her love of this area makes her a natural ambassador in presenting the communities to newcomers. She enhances her knowledge of the Central Coast with over thirty years of professional real estate experience, as well as a background a…
More About Bunny
Courtesy of Morgan Brothers Real Estate. 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 2024. California Regional Multiple Listing Service. All rights reserved. 646 Grande Ave 095579002
Nipomo, CA
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