0 Mallagh St Nipomo, CA 93444
This exceptional 1.49-acre property, located at the southeast corner of W Branch and N Mallagh Streets in Nipomo, CA (93444), presents a unique development opportunity. Priced at $713,400 ($11/sq ft), this land offers flexibility for commercial, residential, or mixed-use projects. The property is zoned for Commercial Retail and is eligible for development under the Workforce Housing Subdivision ordinance, allowing for high-density, individually owned properties or high-density multi-family development. Detailed information on these options is available in supplemental materials. The lot is flat and situated within the urban reserve line, boasting a desirable location near popular local amenities, including Jockos Steakhouse. Three sides of the property are bordered by established streets (W Branch St, N Mallagh St, and the Burton Street right-of-way), with neighboring properties already under development. Across the street are existing residential homes, providing a harmonious blend of commercial and residential environments. APN: 090131001. This is an ideal investment for developers seeking a prime location with versatile zoning and significant potential for high-density development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.