Property Description

DEVELOPMENT OPPORTUNITY - Exceptional residential development opportunity in the heart of Atascadero, minutes from Highway 101 and Atascadero's growing commercial corridor. This approximately 2.5-acre parcel is currently in the entitlement process for a thoughtfully planned 10-home residential development, with proposed homes of approximately 2,400 square feet each. Significant site preparation has already been completed. The previous fire-damaged residence has been demolished, approximately 300 eucalyptus trees have been removed, and extensive clearing and grading have transformed the property into a substantially improved development site-saving a future developer considerable time, expense, and site-preparation work. Will be sold with tentative tract map and full entitlements. All utilities are adjacent to the property and ready to be connected (subject to improvement plans). The property is ideally positioned along the El Camino Real corridor near some of Atascadero's newest commercial growth and amenities. Valley Fresh Market is now open within walking distance, with shopping, restaurants, hotels, medical clinics, services, and other commercial development nearby. With demand for quality housing on California's Central Coast and limited opportunities for residential development sites of this scale, 1375 El Camino Real presents a compelling opportunity for a builder or developer looking for a well-located project with substantial preliminary work already completed. Offered at $1,495,000. A rare opportunity to acquire a residential development site where much of the heavy lifting has already begun.

Property Features