Offer Price:

$1,975,000

Zoning:

RM-1-1 | CN-1-3

Zoning Overlay:

CCHS | 6.5x FAR

Price/SF:

$64.77

Price/Unit:

$98,750

Lot Size:

30,492 SF

Status:

Active

Submarket:

Central

Property Type:

Apartments, Land

Strategy:

Value Add

Prime development opportunity in the heart of Southeast San Diego! This area, adjacent to the downtown core, is proposed for retail, entertainment or employment uses. Mixed-use developments are highly encouraged, since this development zone is part of the "gateway" to downtown every effort should be made to strengthen the definition, streetscape, and walkability of the area. This opportunity offers approximately 30,492 SF of vacant land, with base zoning for residential or commercial use. The Complete Communities Overlay eliminates density requirements and increases the FAR to 6.5x increasing the buildable square feet to 198,198. Located in the San Diego Unified School District and just a short 3-minute walk from Southcrest Plaza with national tenants such as CVS, Jack in the Box, & Jamba Juice.

Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 373-3237