Market St

0.48 Acres of Residential Land Offered at $2,650,000 in San Diego, CA 92113

EXECUTIVE SUMMARY

Rare opportunity for a developer or investor in a rapidly evolving area, offering excellent potential for growth and return on investment.

PROPERTY FACTS

Price $2,650,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
Total Lot Size 0.48 AC
Cross Streets 25th St
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $2,650,000
Price Per AC $5,520,833.33
Lot Size 0.48 AC

The current zoning of the parcels is CC-3-6, which allows for a range of commercial and residential uses under the Complete Communities Address program, with a 6.5 FAR. Located in an opportunity zone, providing benefits with a 10-year hold.

DESCRIPTION

This site offers excellent infill development potential with main street frontage and potential alley access, enhancing its overall accessibility and appeal. Situated close to the trolley line, this property provides excellent connectivity to major job centers including Downtown, the Naval Base, and The Mesa (UCSD & UTC). Located within the Transit Priority Zone, this property benefits from no parking requirements, allowing for more flexible and cost-effective development options. Adjacent gentrifying neighborhoods enhance the potential for increased property values and vibrant community development, making this an attractive investment. Close to Downtown, I-5, and Hwy 94, and I-15, this property offers excellent commuting, accessibility, and connectivity.

Walk Score®
Walker's Paradise (92)

PROPERTY TAXES

ZONING

Zoning Code CC-3-6
  • Listing ID: 32782345

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: Market St, San Diego, CA 92113