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. The parcel sits far enough from Hwy 101 to not be bothered by sound, yet close enough to be on the hwy in a couple minutes. 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. The property is zoned RMF, 15 units/acre with density bonuses possible (check with county planning). Seller has secured an Intent To Serve from the Nipomo CSD for 112 units. Seller also has multiple Architecht test fits to ensure a larger unit count would work on the subject property.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!
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0BEDS
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4.3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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. The parcel sits far enough from Hwy 101 to not be bothered by sound, yet close enough to be on the hwy in a couple minutes. 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. The property is zoned RMF, 15 units/acre with density bonuses possible (check with county planning). Seller has secured an Intent To Serve from the Nipomo CSD for 112 units. Seller also has multiple Architecht test fits to ensure a larger unit count would work on the subject property.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!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or Blomgren & Blomgren | Bennion Deville Homes. Licensed in the State of California, USA.