646 Grande Ave
Nipomo, CA 93444
4.30 acres | #SC24014963
Description
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!
Property Details
- Lot DescriptionItem1620UnitsAcre, Item1115UnitsAcre, Item2125UnitsAcre, Item610UnitsAcre, LotOver40000Sqft, NearPublicTransit, Secluded, ValueInLand, Y
- Utility FeaturesCableConnected, ElectricityConnected, Propane, SeeRemarks
- ViewHills, Mountains
- CountySan Luis Obispo
- SubdivisionNipomo(340)
- Sewer InformationSepticTank
- Original List Price$3,350,000
- MLS #SC24014963
- MLS #SC24014963
- Property TypePurchase
- Cost3350000
- Utility SourcePublic
- Property SubtypeLand
- Acres4.3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Chase Morgan (#SC02221440)
Listing Office: Morgan Brothers Real Estate (#SC1440)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
