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 23, 2024
Listed
April 1, 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
68
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 4/1/2024. 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.
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Data last updated on 4/1/2024 at 9:38 PM UTC