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1655 Pacific Hwy - Generational Multifamily/Condo Redevelopment
0.13 Acres of Commercial Land in San Diego, CA 92101
Investment Highlights
- RARE Generational Multifamily/Condo Redevelopment Opportunity located in San Diego’s Bayfront Little Italy
- Ownership: Fee Simple
- 34 Key Hotel with approximately 11,084 square feet
Executive Summary
Ownership: Fee Simple
Process 2 City of San Diego with only discretionary permit Coastal Development Permit. Estimated processing time 12 months from submittal.
Hotel has a lease in place until June 30, 2025 and closing will coincide with lease end date with the condition the property be free and clear of all tenancies and occupants upon closing.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.13 AC |
| Lot Size | 0.13 AC |
The CCPD-ER zoning allows for a variety of uses, including multifamily residential, office, hotel and research and development.
Description
The subject property, the Pacific Inn, sits directly across the street from the historic County Administration Building and the 12 acre Waterfront Park. A redeveloped project would offer unobstructed views of San Diego’s renown Bay and Downtown San Diego. Preliminary plans call for a 24-story, 234 unit luxury apartment tower.
PROPERTY TAXES
| Parcel Number | 533-311-12 | Improvements Assessment | $719,498 |
| Land Assessment | $2,391,817 | Total Assessment | $3,111,315 |
PROPERTY TAXES
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1655 Pacific Hwy - Generational Multifamily/Condo Redevelopment
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