0 Albert Way #62, Arroyo Grande, CA 93420

Investor’s Dream Opportunity! This expansive property consists of two legal parcels, one at appx. 29 acres and the other at appx. 11 acres for a total of approximately 40 acres, offering exceptional development potential. A previously approved but now expired tentative map proposed subdividing the land into eight 5-acre parcels, paving the way for future possibilities. Situated in an exclusive and highly desirable area near the prestigious Black Lake Golf Course, this location combines natural beauty with proximity to premier recreational amenities. Whether you're looking to revive the subdivision plan, develop the parcels and sell them individually, build custom estates, or hold as a long-term investment, this property offers flexibility and significant upside potential. Don’t miss this rare opportunity to capitalize on a unique development prospect in one of the region’s most sought-after enclaves. Give me a call for more information!