Entitled Multifamily Development
222 South Frontage Road Nipomo, CA 93444
222 South Frontage Road, Nipomo, CA, 93444
$7,500,000
For Sale
$7,500,000
Fully approved 240-unit market-rate multifamily development site with direct U.S. Highway 101 access.
Property Size385,942 SF
Lot Size8.86 Acres
Price / SF$19.43
Days on Market14
Property Features for 222 South Frontage Road
General Information
- Standard status
- Active
- Size
- 385,942 SF
- Lot size
- 8.86 Acres
- Property subtype
- Lots and Land / Multi Family
Listing agency
Radius Group Commercial R.E.
(805) 965-5500
Listed by
Steven J Golis · License #00772218
(805) 965-5500
Source
Compass
Added: Jul 10 Updated: Jul 22 at 3:44PM Checked: Jul 22 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Group Commercial R.E.
Investment Insights
Based on property information with market context.
Mesa Trails Apartment Community is a fully entitled, 240-unit market-rate multifamily development project located on approximately 8.86 acres. 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.
The site is described as having direct access to U.S. Highway 101, providing straightforward connectivity in the Nipomo area between Santa Maria and San Luis Obispo.
With the major discretionary approvals secured, a new owner can move toward construction permitting. The offering is positioned as a large-scale Central Coast multifamily opportunity with both entitlement certainty and the planned market-rate development approach.
The site is described as having direct access to U.S. Highway 101, providing straightforward connectivity in the Nipomo area between Santa Maria and San Luis Obispo.
With the major discretionary approvals secured, a new owner can move toward construction permitting. The offering is positioned as a large-scale Central Coast multifamily opportunity with both entitlement certainty and the planned market-rate development approach.
Key Highlights
- Fully approved 240‑unit, market‑rate multifamily development site in Nipomo, CA
- Located on approximately 8.86 acres with direct access to U.S. Highway 101
- Approved by the San Luis Obispo County Planning Commission in February 2024
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully approved 240-unit market-rate multifamily development site with direct U.S. Highway 101 access.
Where is this apartment building located?
The property is located at 222 South Frontage Road Nipomo, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Fully approved 240‑unit, market‑rate multifamily development site in Nipomo, CA; Located on approximately 8.86 acres with direct access to U.S. Highway 101; Approved by the San Luis Obispo County Planning Commission in February 2024
