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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!
| Last Updated | 4/1/2024 | Tract | Nipomo(340) |
|---|---|---|---|
| Community | Nipomo | County | San Luis Obispo |
Additional Details
| AREA | Nipomo |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 2.500 % |
| HOA DUES | 0 |
| LOT | 4.3 acre(s) |
| LOT DESCRIPTION | 11-15 Units/Acre, 16-20 Units/Acre, 21-25 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Near Public Transit, Secluded, Value In Land, Yard |
| SEWER | Septic Tank |
| SUBDIVISION | Nipomo(340) |
| UTILITIES | Cable Connected,Electricity Connected,Propane,See Remarks |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills,Mountain(s) |
| WATER | Public |
| ZONING | RMF - 15/acre |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/24 10:52 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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