Nipomo, CA 93444 646 Grande Ave
$3,350,000
1 more
Presented By: Chase Morgan with Morgan Brothers Real Estate;
Home Details
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!
Presented By: Chase Morgan with Morgan Brothers Real Estate;
Interior Features for 646 Grande Ave
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
General for 646 Grande Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityNipomo
Community FeaturesSuburban
CountySan Luis Obispo
Days on Market68
DirectionsOn Grande just west of HWY 101 off of Tefft.
DisclosuresItem3rdPartyRights, FamilialRelation
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Contract, Item1031Exchange, OwnerMayCarry, Submit, TrustDeed
Lot Size Square Feet187308.0
MLS AreaNPMO - Nipomo
MobileHomeRemainsYNNo
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGrande Ave
Subdivision NameNipomo(340)
UtilitiesCableConnected, ElectricityConnected, Propane, SeeRemarks
ViewHills, Mountains
View Y/NYes
Waterfront Y/NNo
ZoningRMF - 15/acre
Exterior for 646 Grande Ave
Crops Included Y/NNo
FencingWood, Wire
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1620UnitsAcre, Item1115UnitsAcre, Item2125UnitsAcre, Item610UnitsAcre, LotOver40000Sqft, NearPublicTransit, Secluded, ValueInLand, Yard
Lot Size Acres4.3
Lot Size Area4.3
Lot Size SourceEstimated
Lot Size UnitsAcres
Open Parking Y/NNo
Road Frontage TypeCityStreet, PrivateRoad
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480