400 N Oakglen Avenue, Nipomo, CA

$3,950,000

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4,312,440

Square feet

99.00

Acres

Active

 

About 400 N Oakglen Avenue

Approximately 20 acres of the Property adjacent to the High School has an antiquated, unrecorded underlying 1887 subdivision map. The county uses it in defining the assessor parcels (APNs). The assessor's parcel map is used herein to determine acreage but it only references the lots in the antiquated subdivision map and therefore the acreage for the nonexistent paper streets and alleys are not included in the 99 +/- acres referenced herein.Owned today by direct descendants of the famous Captain Dana who owned the original 1837 Mexican Land Grant, the Property has a long history of irrigated farming. It is currently leased to a grower who has been growing squash and peppers. Currently there are 76 acres leased with rents at 1,500 dollars per acre per year totaling 114,000 dollars annually, with some potential to add additional acreage. The lease expires November 30, 2025. The Property is In the vicinity of other irrigated farming operations, including strawberries, vegetables, avocados and citrus. There is one irrigation well that is reported to produce 450 GPM currently. Water is delivered via a combination of underground and above ground pressurized main lines. There is a cell tower located on the Property which brings in about 22,000 dollars annually with annual increases. The Property is located in the Sphere of Influence of the Nipomo Community Services District. It is not subject to a Williamson Act contract.

Features of 400 N Oakglen Avenue

MLS® # 25000168
Price $3,950,000
Square Footage 4,312,440
Acres 99.00
Type Lots and Land
Sub-Type Agricultural
Status Active

Community Information

Address 400 N Oakglen Avenue
Area Nipomo
Subdivision Nipomo
City Nipomo
County San Luis Obispo
State CA
Zip Code 93444

Amenities

Is Waterfront No

Interior

Has Basement No

Additional Information

Zoning Agricultural
Foreclosure No
Short Sale No

Listing Details

AgentLarry Lahr
OfficeRincon Corporation

Listing Map

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