267 W Tefft Street
Nipomo, CA 93444
$849,000
- 0.34 acres
Listed by San Luis Obispo County Realty · MLS #SC25281902
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267 W Tefft Street, Nipomo, CA 93444 · MLS #SC25281902
A FEW THINGS TO NOTICE
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Property size
0.34 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
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This property is also listed under Commercial Sale as MLS# SC25281362
PRIME DEVELOPMENT OPPORTUNITY
Prime development opportunity in the heart of Nipomo's civic center. This 15,000 SF CR-zoned property offers 6,000 SF of building coverage area (40% coverage) with complete infrastructure and zero lot-line setback capability under the Olde Towne Nipomo Design and Circulation Plan.
STRATEGIC LOCATION
Located on Tefft Street, Olde Towne Nipomo's main commercial thoroughfare with excellent visibility. Directly adjacent to Nipomo Community Services District building. Across Wilson St from Laborers Union Hall Local 220. Across Tefft St from new Sheriff's building, breaking ground in 2026. Quarter block west of modern two-story mixed-use project, adjacent to Casa Grande Center. One block east of Adobe Plaza and Birchwood.
FLOOD ZONE ADVANTAGE
Property sits at 324.2 feet elevation, 6.2 feet higher than comparable properties in the area. In 100-year flood zone, but elevation difference provides lower flood insurance costs and lower engineering and construction costs.
DEVELOPMENT READY
Sidewalks, curbs, and gutters on both street frontages. Zero lot-line setbacks allowed on all sides. No off-site improvements required. Water and sewer connections available through Nipomo Community Services District. Area operates under Olde Towne Nipomo Design Plan with streamlined development guidelines.
EXISTING BUILDING
1,064 SF office building, built 1959, excellent condition, four rooms. Currently generating $2,200/month income. Convertible to other uses or redevelopment opportunity.
ZONING AND DEVELOPMENT OPTIONS
CR (Commercial/Residential). Maximum 40% lot coverage. Zero setback development allowed. Accommodates mixed-use development with ground-floor commercial and residential units above, or high-density residential up to three stories with ground-floor parking. Old Town Nipomo benefits include reduced parking requirements (40% vs 100% through public parking initiatives) and zero lot line development.
AVAILABLE FOR
Commercial Sale, Commercial Lease, or Lease Option to Buy.
RECENT COMPARABLE
188 W Tefft St sold May 16, 2025 for $675,000, one block away in same CR zoning. See Supplements for detailed comparative analysis
THE NEIGHBORHOOD
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267 W Tefft Street, Nipomo, CA 93444
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THE DETAILS
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- Property type
- Land
- Category
- Land
- Utilities
- CableConnected,ElectricityConnected,PhoneConnected,SewerConnected
- Subdivision
- Nipomo(340)
- Zoning
- Commercial Retail
- Parcel
- 090142008
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
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$725,000
$875,000Listing information
MLS #SC25281902 · California Regional MLS
Listing brokerage: San Luis Obispo County Realty
Listing agent: Kenneth Emmer
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
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 © 2023 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 © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.