$700,000
For Sale

1020 Division Street

Nipomo, CA 93444
0.62 acres | #PI24220143
Listing OfficeCompass
Type:Purchase
Structure:Land
Zone:Residential

Description

Prime Commercial Corner Lot with Expired Approvals for Mixed-Use Development, Including Convenience Store, & Liquor License in Nipomo!
Seize this incredible opportunity to develop a 0.61-acre corner lot located at the bustling intersection of Division Road and Hazel Lane. This commercially zoned parcel was previously approved for a mixed-use building featuring a 7,300 sq ft commercial space, including a convenience store, on the first floor, along with three garage spaces and six residential units totaling 4,800 sq ft on the second floor.
The project includes a two-pump gasoline island with an 860 sq ft canopy, 20 parking stalls, and professionally designed landscaping. Parking design modifications were also approved to optimize space efficiency.
All previous approvals, including the liquor license, have since expired and will need to be resubmitted for county review and re-approval. Water approval is still pending, with an application already submitted but not yet finalized, presenting a key consideration for developers.
Situated in a high-traffic location within the South County Inland sub-area, this property is primed for retail, residential, and service-based businesses, including a convenience store. Don't miss out on this ready-to-develop investment opportunity!

  • Property Details
      • ViewMountains
      • Lot DescriptionCornerLot
    • Measurements
      • Acres0.6152
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility SourceSeeRemarks
  • Community and Neighborhood Details
      • SubdivisionNipomo(340)
    • Location
      • CountySan Luis Obispo
  • Financial Details
      • Original List Price$700,000
  • Other
      • MLS #PI24220143

Location

Christopher PereaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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