267 W Tefft St Nipomo, CA 93444

This 15,000 square foot property, zoned CR (Commercial/Residential), presents a prime development opportunity in the heart of Nipomo's civic center. The site allows for 6,000 square feet of building coverage area, representing 40% coverage, and benefits from complete infrastructure. The Olde Towne Nipomo Design and Circulation Plan allows for zero lot-line setbacks. Located on Tefft Street, the main commercial thoroughfare in Olde Towne Nipomo, the property offers excellent visibility. It is directly adjacent to the Nipomo Community Services District building and across Wilson Street from Laborers Union Hall Local 220. A new Sheriff's building is planned across Tefft Street, with groundbreaking scheduled for 2026. The property is situated a quarter block west of a modern two-story mixed-use project, adjacent to Casa Grande Center, and one block east of Adobe Plaza and Birchwood. The property sits at an elevation of 324.2 feet, which is 6.2 feet higher than comparable properties in the area. While located in a 100-year flood zone, this elevation difference may result in lower flood insurance and engineering costs. Sidewalks, curbs, and gutters are present on both street frontages. Water and sewer connections are available through the Nipomo Community Services District. The area operates under the Olde Towne Nipomo Design Plan, which provides streamlined development guidelines. An existing 1,064 square foot office building, constructed in 1959 and in excellent condition with four rooms, is currently generating $2,200 per month in income. This building can be converted to other uses or redeveloped. The CR zoning accommodates mixed-use development with ground-floor commercial space and residential units above, or high-density residential development up to three stories with ground-floor parking. Old Town Nipomo offers reduced parking requirements and zero lot line development.