Multi-Family Development Opportunity
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Multi-Family Development Opportunity
2 Properties Offered at $7,500,000 in San Diego, CA
Investment Highlights
- Complete Communities development potential up to approx 200,000 square feet of residential units
- Within "special attention area" Trolley Station Design District, which will be beautified in coming years under the Mission Valley Community Plan
- 1/4 mile from future SDSU Mission Valley Campus
- By-right ministerial development project--No Planning Group, Board of Zoning or City Council approval required
Executive Summary
Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s & the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come! Call listing agent Lauren Empey to discuss: 949-433-9899. Seller would like to explore partnering with a developer.
Property Facts
| Price | $7,500,000 | Number of Properties | 2 |
| Price / SF | $575.29 / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 13,037 SF |
| Sale Type | Investment | Total Land Area | 1.14 AC |
| Status | Active |
| Price | $7,500,000 |
| Price / SF | $575.29 / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,037 SF |
| Total Land Area | 1.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Old Mission Plaza
10509 San Diego Mission Rd, San Diego, CA 92108 |
Office | 10,934 SF | 1973 | - |
| 10505 San Diego Mission Rd, San Diego, CA 92108 | Retail | 2,103 SF | - | - |
1 of 1
1 of 30
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Multi-Family Development Opportunity
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.