Greg Malik Real Estate
0 W Mary Avenue W
Nipomo, CA 93444



Priced reduced to $275,000 below appraised value! 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. 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.


Days On Site39


Property ViewYes

Market Activity 93444

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Area Information

CountySan Luis Obispo
Zip Code93444
AreaNPMO - Nipomo
Listing VS Median (in 93444)
low | high
98.465265306122% of Average
On Site:
low | high
10.655737704918% of Average
Listing Updated: 08/17/2018
MLS Number: PI18165312
Listing Provided By:
Jason Hart  of  Hart Commercial Real Estate
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