Views - Adult 55+
Address
0 Mary Avenue Nipomo, CA
Price
$ 1,500,000
Property Attributes
  • MLS#PI17238590
  • TypeLand
  • CountySAN LUIS OBISPO
  • CityNipomo
  • AreaNipomo
  • NeighborhoodNipomo
  • Zip93444
  • Style
  • Price$ 1,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3.64 Acres
Listing Provided Courtesy Of:
Jason Hart with Hart Commercial Real Estate.
Property Description

The property has current approvals for a 40 unit senior independent living facility. Improvements consisting of finished sidewalks, lighting, curbs, gutters and street paving, along with utility main service lines along the frontage have already been installed. Additionally, all Nipomo Community Service District (NCSD) water and sewer connection fees totaling approximately $125,000 have been prepaid. The larger 2.58 acre parcel that fronts Hwy 101 is designated as open space, but will be incorporated into the project to add walking trails and seating/gathering areas to complement the project. An adjoining off site retention pond serves the property. The project also has access to an additional 10 parking spaces within the adjacent assisted living facility. The current zoning is Commercial Retail which allows for a variety of retail and commercial uses, along with limited residential uses. The property appraised for $1,500,000 in October of 2016. Senior housing is booming in the state of California, with many new assisted living facilities and independent living projects having been built throughout the state in the past 5 years. Nipomo, located in the beautiful Central Coast, is a highly attractive area for retirement. Demand for senior housing is expected to grow throughout the state, and within areas considered affordable like Nipomo. Furthermore, the project benefits from its proximity to local shopping and the assisted living facility on the adjoining parcel.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
10/18/2017 Listed $1,500,000

General Features

Community Features Curbs, Gutters, Sidewalks
HOA Fee 0.00
Listagentstatelicense 01334694
Listing Agent Jason Hart - BRE#01334694
MLS Area NPMO - Nipomo
Price Per Square Foot 9.46
Special Listing Conditions Standard
Subdivision Nipomo(340)
Subdivisionnameother Nipomo(340)
Utilities Cable Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Zoning CR

Exterior Features

Lot Features Lot Over 40000 Sqft
Lot Size Source Assessor
Lot Size Square Feet 158558.40
Lotsizeunits Acres
Road Frontage Type City Street
Road Surface Type Paved
View Mountain
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93444

Price
AVG $1.16M
$1.5M
Visits
AVG 37
17
Walkscore
AVG 27
56

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