Active

646 Grande Ave

Nipomo CA, 93444

$3,350,000


$17.88 per sqft

Active

4.3 Acres

Land

Listed by Chase Morgan with Morgan Brothers Real Estate 805-308-7394

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!

SC24014963

MLS ID

January 24, 2024

Listed

May 25, 2024

Updated

Map

646 Grande Ave
Nipomo CA, 93444

Exterior/Building Features

Lot Size

4.3 Acres


Lot Features

16-20 Units/Acre, 11-15 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

Other Property Details

Area Name

NPMO - Nipomo


Days on Market

121


Garage

No


View

Yes


View Description

Hills, Mountain(s)


County

San Luis Obispo


Water Source

Public


Pool

No


Zoning

RMF - 15/acre


Buyer Agency Compensation

2.5%

Listing Contact: 805-308-7394 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:34 AM UTC

 

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