This property is situated on the corner of W Branch Street & North Mallagh Street. The property is bounded on three sides by the Burton "paper" street, Branch St, and Mallagh St. The "paper" Burton St is a dedicated County right-of-way and not a finished street. This is a perfect opportunity for a development because the property on the other side of Burton St is already under development. Directly across the street from the subject property are homes. The property is zoned Office Professional which can be developed as commercial or residential or a mix of both. The land can be developed into a residential property under the Workforce Housing Subdivision ordinance which allows for high-density, individually owned properties, or as a high density multi-family development, see Supplements for explanations on these two alternative development opportunities. Part of the value of this property for residential is its proximity to one of the most popular restaurants on the central coast, Jockos Steakhouse. The property is flat and is within the urban reserve line.
SC23040665
Land, Other
San Luis Obispo
1.49
Acres
Public
Public Sewer
Nipomo(340)
Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Lot View
- Hill
- Zoning
- Office Professional
- Topography
- Level
- Additional Exterior/Lot Features
- Level,Rectangular Lot,Street Level,Flat.
Financial Considerations
090131001
Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac
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