646 Grande Ave
Nipomo, CA 93444

  • – beds
  • – baths
  • – sqft
  • ~4 acre lot
  • on site

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!

California Regional MLS logo Listed By CRMLS_CA / Chase Morgan / Morgan Brothers Real Estate

Last checked: Checking… • Last updated Apr 1, 2024 •

MLS# SC24014963 —

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Sale history

Date Event Source Price % Change
1/24/24
Listed / Active CRMLS_CA $3,350,000
12/11/23
Price Changed BRIDGE
10/16/23
Price Changed BRIDGE

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Listing provided by broker:

Chase Morgan

Morgan Brothers Real Estate

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This land located in Nipomo, CA 93444 is currently for sale for $3,350,000. 646 Grande Ave is a – square foot land with – beds and – baths that has been on Estately for 117 days. This land is in the attendance area of Dana Elementary School, Nipomo High School, and Mesa Middle School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and Morgan Brothers Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 18:23 on May 20.

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