||74 acres, two parcels, Nipomo, located a Hwy 101 and Southland street. Slashed price for quick sale. Rental income. Significant upside. Great long tern hold.
||Approx. +/- Acres:
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|County / Province:
||San Luis Obispo
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||Date Listed on Site:
2 parcels, front 10 hwy 101 frontage
Flat land, county favors rezone
74 acres with two legal parcels, located at Hwy 101 and Southland Street, Nipomo.
County assessor shows $2,770,000+ assessed value Price has been slashed for quick, clean sale - this property was in escrow two years ago at $3,500,000 with a re-zone contingency.
Rezone not viable now with drought. But great hold for future. Meanwhile would also be a great horse ranch - sandy loam soil and perimeter fenced. Flat to gently rolling topography.
Also has income: two older homes, rented, water suppled by state water. Plus a third uninhabitable home - could be remodeled. Huge warehouse building. Production barn, storage barn, office.
Was a chicken ranch at one time. Cement slabs remain. Could be used for large vehicle parking, dry feeding, etc.
Also has older ag well, not currently in use, but irrigated 35-40 acres in years past.
This property lies in the path of expansion at the south end of Nipomo and can only increase in value through time
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