prime orcutt development opportunity · older homes in the immediate area range in value from the...
TRANSCRIPT
Jason Hart Principal Lic 01334694 805.481.9010 [email protected] Commercial Real Estate 524 East Branch St Arroyo Grande, CA 93420 www.HartCRE.comAll information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
FOR SALE | LAND
PRIME ORCUTT DEVELOPMENT OPPORTUNITY4395 S BLOSSER, ORCUTT, CA
Jason Hart Principal Lic 01334694 805.481.9010 [email protected] Commercial Real Estate 524 East Branch St Arroyo Grande, CA 93420 www.HartCRE.comAll information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
ADDRESS
OFFERING PRICE
UTILITIES
OWNERSHIP TYPE
ZONING TYPE
APN
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 5,191 38,024 76,718
2019 Median HH Income $107,878 $80,391 $68,354
2019 Average HH Income $135,215 $104,285 $91,667LAND ACRES
TOPOGRAPHY
4395 S Blosser RdOrcutt, CA 93455
$1,650,000
Fee Simple
6.53
On site
Flat
20-R-1
111-251-034
AREA MAP
OFFERING SUMMARY
This prime development opportunity is located on the west side of Orcutt, adjacent to existing residential developments. There are two vacant homes on the property which no value has been attributed to. The prop-erty is zoned 20-R-1 which will allow for development of residential lots with minimum lot sizes of 20,000 square feet. Previously proposed subdi-vision maps showed a net of 12 lots.
Older homes in the immediate area range in value from the low $700k to high $900k range. Buyer to complete their own due diligence.
Orcutt is an unincorporated town of approximately 35,262 located south of Santa Maria in Santa Barbara County. Orcutt offers strong economic demographics with a high average household income and robust real estate market. The subject property is located close to the historic Old Town Orcutt area.
PROPERTY OVERVIEW
LOCATION OVERVIEW
Santa Maria
Lompoc
2019-2024: Growth Rate 3.50% 3.45 % 4.00 %
Jason Hart Principal Lic 01334694 805.481.9010 [email protected] Commercial Real Estate 524 East Branch St Arroyo Grande, CA 93420 www.HartCRE.comAll information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
SINGLE FAMILY HOMES COMPARABLE SALE MAP4395 S BLOSSER, ORCUTT, CA
$869k
$920k
$849k $863k
$721k
$843k
$772k
$759k
4395 S Blosser$939k
$900k
$975k
$780k
$975k