Description
Video: https://cdn.muse.ai/u/kQXGNUX/823494b617fc2f642a5acd92a50f4babf79463a782c3bc5b93978b493c735b65/videos/video.mp4 This property is also listed under Commercial Sale as MLS# SC25281362PRIME DEVELOPMENT OPPORTUNITYPrime development opportunity in the heart of Nipomo's civic center. This 15,000 SF CR-zoned property offers 6,000 SF of building coverage area (40% coverage) with complete infrastructure and zero lot-line setback capability under the Olde Towne Nipomo Design and Circulation Plan. STRATEGIC LOCATIONLocated on Tefft Street, Olde Towne Nipomo's main commercial thoroughfare with excellent visibility. Directly adjacent to Nipomo Community Services District building. Across Wilson St from Laborers Union Hall Local 220. Across Tefft St from new Sheriff's building, breaking ground in 2026. Quarter block west of modern two-story mixed-use project, adjacent to Casa Grande Center. One block east of Adobe Plaza and Birchwood. FLOOD ZONE ADVANTAGEProperty sits at 324.2 feet elevation, 6.2 feet higher than comparable properties in the area. In 100-year flood zone, but elevation difference provides lower flood insurance costs and lower engineering and construction costs. DEVELOPMENT READYSidewalks, curbs, and gutters on both street frontages. Zero lot-line setbacks allowed on all sides. No off-site improvements required. Water and sewer connections available through Nipomo Community Services District. Area operates under Olde Towne Nipomo Design Plan with streamlined development guidelines. EXISTING BUILDING1,064 SF office building, built 1959, excellent condition, four rooms. Currently generating $2,200/month income. Convertible to other uses or redevelopment opportunity. ZONING AND DEVELOPMENT OPTIONSCR (Commercial/Residential). Maximum 40% lot coverage. Zero setback development allowed. Accommodates mixed-use development with ground-floor commercial and residential units above, or high-density residential up to three stories with ground-floor parking. Old Town Nipomo benefits include reduced parking requirements (40% vs 100% through public parking initiatives) and zero lot line development. AVAILABLE FORCommercial Sale, Commercial Lease, or Lease Option to Buy. RECENT COMPARABLE188 W Tefft St sold May 16, 2025 for $675,000, one block away in same CR zoning. See Supplements for detailed comparative analysis
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0.34ACRES
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01/2 BATHS
School Ratings & Info
Description
Video: https://cdn.muse.ai/u/kQXGNUX/823494b617fc2f642a5acd92a50f4babf79463a782c3bc5b93978b493c735b65/videos/video.mp4 This property is also listed under Commercial Sale as MLS# SC25281362PRIME DEVELOPMENT OPPORTUNITYPrime development opportunity in the heart of Nipomo's civic center. This 15,000 SF CR-zoned property offers 6,000 SF of building coverage area (40% coverage) with complete infrastructure and zero lot-line setback capability under the Olde Towne Nipomo Design and Circulation Plan. STRATEGIC LOCATIONLocated on Tefft Street, Olde Towne Nipomo's main commercial thoroughfare with excellent visibility. Directly adjacent to Nipomo Community Services District building. Across Wilson St from Laborers Union Hall Local 220. Across Tefft St from new Sheriff's building, breaking ground in 2026. Quarter block west of modern two-story mixed-use project, adjacent to Casa Grande Center. One block east of Adobe Plaza and Birchwood. FLOOD ZONE ADVANTAGEProperty sits at 324.2 feet elevation, 6.2 feet higher than comparable properties in the area. In 100-year flood zone, but elevation difference provides lower flood insurance costs and lower engineering and construction costs. DEVELOPMENT READYSidewalks, curbs, and gutters on both street frontages. Zero lot-line setbacks allowed on all sides. No off-site improvements required. Water and sewer connections available through Nipomo Community Services District. Area operates under Olde Towne Nipomo Design Plan with streamlined development guidelines. EXISTING BUILDING1,064 SF office building, built 1959, excellent condition, four rooms. Currently generating $2,200/month income. Convertible to other uses or redevelopment opportunity. ZONING AND DEVELOPMENT OPTIONSCR (Commercial/Residential). Maximum 40% lot coverage. Zero setback development allowed. Accommodates mixed-use development with ground-floor commercial and residential units above, or high-density residential up to three stories with ground-floor parking. Old Town Nipomo benefits include reduced parking requirements (40% vs 100% through public parking initiatives) and zero lot line development. AVAILABLE FORCommercial Sale, Commercial Lease, or Lease Option to Buy. RECENT COMPARABLE188 W Tefft St sold May 16, 2025 for $675,000, one block away in same CR zoning. See Supplements for detailed comparative analysis
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T00:30:48.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Action Realty. Licensed in the State of California, USA.