679 E NEWLOVE DR Santa Maria, CA 93454

$550,000

Listed By Adam McKaig, Douglas Elliman of California Inc.

3

Bedrooms

1

Total Baths

1

Full Baths

1,056

Square Feet

0.34

Acres

1915

Year Built

Active

Status

MLS#

V1-14093

679 & 681 are being sold together for their development opportunity. 679 is priced at $550K and 681 is priced at $700K - totally $1.25M. Rare DEVELOPMENT OPPORTUNITY for two adjacent lots totaling 1.44 acres. The properties are currently single family residences with the remnants of a dog kennel. This prime location is well aligned with the current need for housing. Each site is zoned R-2 (Medium Density Residential). Per the City of Santa Maria Planning Department, 17 units total could potentially be developed on the combined lots and a Conditional Use Permit would be required prior to developing. Also, per the City of Santa Maria, a higher density could potentially be accomplished typically with more low income affordable units. The parcels have 2 street frontages for optimum access.NOTE - the nearby 575 E. Newlove 1.4 acre parcel has just completed the new construction of 4 multi-housing buildings consisting of 16 two bedroom apartments.Convenient to restaurants, the extensive Betteravia Road/Broadway retail corridor, and Allan Hancock College. Easy access to Highway 101 and surrounding communities. Interested parties must verify allowed uses and density through the City Planning Department.

Details

Year Built
1915
Parking
1
Price / Sq Ft
$521
HOA
No Info
Cooling
Yes
Heating
No Info
On Website
10 Days
Acres
0.34

Listing Office Douglas Elliman of California Inc.

MLS# V1-14093

Updated 1:16PM - 8/11/2022

Listing Agent Adam McKaig

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2022 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.

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