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Listed by Owen Schwaegerle • Keller Williams Realty Central Coast
$ 1,100,000
Est. payment | /mo
54,450 SqFt
$ 1,100,000
Est. payment | /mo
54,450 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 54,450 sqft
Price per Sqft $20
MLS Listing ID CRSC24001286
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 1.250 Acres
Property Sub-Type Unimproved Land
Property Description
Seeking your next senior housing development project? Presenting an exceptional investment opportunity with this 1.25-acre multifamily-zoned property nestled in the picturesque town of Cambria. This 7 lot property owns the rights to 2 water meters within the Cambria Community Service District (CCSD) in the amount of 11.78 Equivalent Dwelling Units (EDUs), which could accommodate approximately 29 senior housing apartments. This site was previously approved by the San Luis Obispo County Planning Department and Board of Supervisors for a 31-unit / 41-bed RCFE Assisted Living - Memory Care facility of 28,000 square feet. All utilities are available at the property including water, sewer, natural gas, electrical power, telephone, and cable. Sale includes an extensive library of completed architectural, engineering, environmental, and geotechnical studies and compliance documents. Due to the high demand for more affordable housing in California, and the state mandating local municipalities to approve more construction projects, this lot is ripe with development potential!
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Exterior
View Greenbelt, Hills, Trees/Woods
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