222 N Frontage RD, Nipomo, CA 93444
222 N Frontage RD, Nipomo, CA 93444
222 N Frontage RD, Nipomo, CA 93444
222 N Frontage RD, Nipomo, CA 93444
222 N Frontage RD, Nipomo, CA 93444
222 N Frontage RD, Nipomo, CA 93444
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 7,500,000
Est. payment | /mo

8.86 Acres Lot

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$ 7,500,000
Est. payment | /mo
Save

8.86 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-37571

HOA Y/N No

Lot Size 8.860 Acres

Property Description

Development Opportunity! Fully entitled, construction-ready, 240 unit institutional-scale apartment community. Mesa Trails Apartment Community presents a rare opportunity to acquire a fully entitled, 240-unit market-rate multifamily development in Nipomo, California, one of the Central Coast's most attractive and supply constrained housing markets. Situated on approximately 8.86 acres with direct access to U.S. Highway 101, the project combines entitlement certainty, strategic regional connectivity, and exposure to a market where demand for quality housing continues to exceed available inventory. The project received full approval from the San Luis Obispo County Planning Commission in February 2024, including Conditional Use Permit approval and CEQA clearance through an adopted Mitigated Negative Declaration. With all major discretionary approvals secured, a new owner can advance directly toward construction permitting, eliminating a significant portion of the entitlement risk, cost, and timeline typically associated with multifamily development in California. Nipomo occupies a strategic position between Santa Maria and San Luis Obispo and benefits from access to the Central Coast's primary employment centers, educational institutions, healthcare providers, and regional economic drivers. Supported by a diverse economy and an increasingly affluent population base, the area continues to experience sustained housing demand while maintaining significant barriers to new supply. As one of the few large-scale multifamily development opportunities on California's Central Coast offering both entitlement certainty and market-rate positioning, Mesa Trails represents a compelling opportunity to deliver new housing in a market defined by strong fundamentals, limited inventory and long-term growth potential.

Location

State CA

County San Luis Obispo

Area Npmo - Nipomo

Zoning C-R

Interior

Fireplace No

Exterior

Fence None

Community Features Foothills, Mountainous, Rural

Utilities Available None, Water Not Available

View Y/N Yes

View Hills, Meadow, Mountain(s), Valley, Trees/Woods

Building

Lot Description 26-30 Units/Acre, Sprinklers None

Water None

Others

Senior Community Yes

Tax ID 092579014

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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222 N Frontage RD