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
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Office Douglas Elliman of California Inc.
MLS# V1-14093
Updated 1:16PM - 8/11/2022
Listing Agent Adam McKaig
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