A DEVELOPERS DREAM WITH CURRENT CASHFLOW! An approximately 4.3 acre, multi-family parcel adjacent to the Nipomo shopping corridor and recently completed Grocery Outlet Bargain Market shopping center. Owner is currently in process of securing a PUD to allow for-sale product. Plans in process for 42 SFH's each with an optional ADU. Total of 84 units, to be confirmed. A 3/2 2000sf SFH sits on the property with long-term tenants that more than covers holding costs. SFH is on city water, has septic, and power connected. Seller has secured an Intent To Serve from the Nipomo CSD for up to 112 units. Seller would consider carrying a first-trust deed note, terms to be negotiated. Don't miss the rare opportunity to acquire high-density residential land in the heart of Nipomo!