1540 E 8th St - 8th Street Development Site
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1540 E 8th St - 8th Street Development Site
0.62 Acres of Commercial Land in National City, CA 91950
Investment Highlights
- A +/- 0.62-Acre Podium Multifamily Development Opportunity
- Planned for a 71-Unit Podium Multifamily Site
- Only 5 Miles from Downtown San Diego
Executive Summary
Northmarq is pleased to present 8th Street Development Site, a +/- 0.62-acre Podium Multifamily Development Site in National City, CA. National City is a dynamic and vibrant community, just five miles from downtown San Diego, allowing residents to escape from fastmoving city life. The Site is centrally located just two blocks from Interstate 805, on East 8th Street, providing future residents with significant connectivity to the entire San Diego MSA. By utilizing the Affordable Housing Density Bonus, 8th Street Development Site is planned for a 71 unit podium multifamily development. The Site presents a developer the opportunity to capitalize on San Diego’s outward expansion, by providing rental housing in a supply constrained environment.
Property Facts
Sale Type | Investment | Proposed Use | Multifamily |
No. Lots | 1 | Total Lot Size | 0.62 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Property Subtype | Commercial |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Multifamily |
Total Lot Size | 0.62 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Lot Size | 0.62 AC |
Lot Size | 0.62 AC |
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,279 | |
Land Assessment | $1,023,722 | Total Assessment | $1,025,001 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,023,722
Improvements Assessment
$1,279
Total Assessment
$1,025,001
zoning
Zoning Code | MXC-2 (Major Mixed-Use Corridor (MXC-2)) |
MXC-2 (Major Mixed-Use Corridor (MXC-2)) |
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1540 E 8th St - 8th Street Development Site
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