Description
Duplex on commercial lot with development potential!
welcome to this unique investment opportunity located on a high-visibility corner lot along bustling tefft street in nipomo. this "grandfathered-in" duplex features (two) 2 bed/1 bath units on a spacious lot with room for an additional adu.
zoned for commercial use, this property presents endless potential while currently generating rental income as a duplex. the highest and best use may be redevelopment into a mixed-use building, with commercial suites on the ground floor and residential units above—maximizing both exposure and revenue on this prime corner parcel. whether you’re an investor, developer, or owner-user, this is a golden opportunity to secure a rare property in a high-traffic location. don’t miss out—opportunities like this don’t last long!
the property can not do conventional financing, however the seller is willing to seller finance. call to discuss seller financing options.
Property Type
Residential IncomeCounty
San Luis ObispoStyle
Residential IncomeAD ID
49325423
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1961
- Building Area Total: 1,572
Pool Features
- None
Laundry Features
- Laundry Closet
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4006
- Lot Size Source: Assessor
- Lot Size Square Feet: 17450
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Listing Information
Listing Price Information
- Original List Price: 675,000
- Listing Contract Date: 2025-04-09
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 090131007
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: On Street
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: NPMO - Nipomo
- Directions: From Tefft go East. On the corner of Mallagh and Tefft
- Zoning: CR
- Source Property Type: Residential Income
- Area: NPMO - Nipomo
- Property SubType: Duplex
Building and Construction
- Property Age: 64
- Common Walls: 1 Common Wall
- Structure Type: Duplex
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: Street
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 04/19/2025 @ 02:31
- MLS: PI25078516
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is for sale, it has 1,572 sqft, 17,450 sized lot, and 0 parking. are nearby neighborhoods.