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$ 1,500,000
Est. payment | /mo
5,144 Sqft Lot
$ 1,500,000
Est. payment | /mo
5,144 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2406048
HOA Y/N No
Lot Size 5,144 Sqft
Property Description
Leverage San Diego's Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55' 5-story or 85' 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site's location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning CN-1-4
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Park
View Y/N Yes
View Bay, Bridge(s), City Lights
Building
Lot Description Level, Near Park, Over 40 Units/Acre, Near Public Transit, Street Level, Tear Down, Value In Land
Others
Senior Community No
Tax ID 5356703000
Acceptable Financing Cash, Conventional, Contract, Owner May Carry, Submit
Listing Terms Cash, Conventional, Contract, Owner May Carry, Submit
Special Listing Condition Standard
Listed by Frank Karako • LPT Realty, Inc. • frank@karakogroup.com