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Elite Real Estate Group
info@elitereg805.com$599,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25002291
Lot Size 0.459 Acres
Property Sub-Type Mixed Use
Property Description
Here's a great opportunity to own almost one-half acre zoned commercial retail in Old Town Nipomo, located in the East Tefft corridor development district. If you're looking to buy in the path of progress, this parcel deserves a close look. You'll appreciate the flexibility here: Hold as a land bank in a growing community Move toward entitlements and sell Or build it out to its highest and best use for future rental income Preliminary conversations with the county suggest there may be potential for at least ten residential units with a conditional use permit along with commercial space and possible building heights up to forty-five feet. All information in this listing must be verified with San Luis Obispo County by the buyer or buyer's agent. All utilities are available at the street which making development user-friendly. The L-shaped parcel wraps around the home on the corner, and that home is not part of the sale. The setting is tranquil yet convenient, positioned between West Dana Street and South Burton Street across from La Cazuela's restaurant. Nipomo continues to attract residents and investors for its small-town charm, gentle climate and central location. Enjoy easy access to Highway 101, local dining, golf and wineries, and a welcoming community with steady growth. It's a place where families put down roots and long-term investment makes sense. Why wait? Start your next investment chapter today. Conceptual rendering ONLY included in the photos provided to illustrate potential mixed-use development allowed under current zoning. Buyer to verify all information, permits and development options with SLO county planning department and do their own due diligence prior to close of escrow.
Location
State CA
County San Luis Obispo
Area 12 - Nipomo
Building
Sewer Sewer Available
Water Public
Others
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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Listed by Michael Puhek • Re/Max Success
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Elite Real Estate Group
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