679 Newlove Drive

679 Newlove Drive Santa Maria, California 93454 United States

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.

Listing Courtesy of Douglas Elliman of California Inc., THE MLS