2.64 acres in San Luis Obispo County, California
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2.64 acres in San Luis Obispo County, California

$1,150,000 2.64 Acres
Property ID 2905441


This 2.5 acre vacant lot can be purchased individually or as a package with 625 Juniper and 170 Magenta. Nipomo Town Square is a fully entitled Assisted Living/Memory care campus. County Of San Luis Obispo has approved approximately 226,000 SF of Commercial Development encompassing APN #'s 092-572-025,092-572-045,092-572-015 totaling approximately 14.93 Acres. Approved uses include a 162-Unit AL/MC, commercial retail, restaurant/conference center and medical office/medical retail. This property offers an immediate opportunity to build out a campus environment for the assisted living/memory care market. The demand for care facilities of this scope exceeds current supply on the West Coast. Outstanding location off highway 101 at Tefft in Nipomo. Existing neighboring uses include a Vons shopping center, US Post office, Starbucks and other retail support.

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