681 Newlove Drive Santa Maria CA 93454 MLS #V1-14094

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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.

Property Details

Schools

Elementary School:

Other

Middle School:

Other

High School:

Other

Interior

Appliances

None

Cooling

None

Fireplace Features

None

Exterior

Community Features

Biking, Park

Exterior Features

Kennel

Garage Spaces

1.00

Lot Features

Sprinklers None

Parking Features

Driveway Level

Pool Features

None

Sewer

Public Sewer

Spa Features

None

Stories Total

View

None

Water Source

Public

Financial

Utilities

Electricity Connected, Water Connected, Sewer Connected, Natural Gas Available

Santa Maria Neighborhoods

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