A rare offering in the heart of Cayucos. This 0.34± acre parcel is zoned Residential Multi-Family, giving a buyer real flexibility on the Central Coast: build a single family residence, add an accessory dwelling unit, or pursue a small multi-family project. Architectural concept plans already illustrate a four bedroom, four and a half bath residence design paired with a detached two bedroom ADU, giving a buyer a proven blueprint to build from on day one. Just steps from Hardie Park and Cayucos Elementary School, and a short stroll to the sand, this property puts Central Coast living within walking distance of everything that makes Cayucos special. A companion parcel at 273 Birch Avenue, a fully entitled 8 unit condominium site, is also available, sold separately, for a buyer looking to control the whole block. Buyer to independently verify all information with the County of San Luis Obispo. County Assessor records show this parcel as 249 Cayucos Drive, though the property sits on, and is reached from, Ash Avenue.