Hwy 101 Frontage
Property Type: Land, Price: $1,500,000
Brief Description: 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.
State: California Approx. +/- Acres: 74
City: Nipomo Bedrooms in Main Home: 0
County / Province: San Luis Obispo Features: AG Well,
Country / Nation: United States Topography: Flat,
Zip Code: 93444 Date Listed on Site: 07/18/2013
2 parcels, front 10 hwy 101 frontage
Flat land, county favors rezone


Detailed Description:

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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Contact Information

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Name: Clark Franke and Linda Boston Franke Email Address: LindaBoston@BostonFranke.com
DRE Lic.#: #1002455 & #702515 Address: 3681 Sagunto #102
Company: Ranch & Country Real Estate City: Santa Ynez
Telephone: 805-698-0330 Clark's cell State: California
Alternate Telephone: 805-680-2203 Linda's cell Zip Code: 93460
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