646 Grande Ave

646 Grande Ave Nipomo, California 93444 United States

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!

Listing Courtesy of Morgan Brothers Real Estate

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.