10505 & 10509 San Diego Mission Rd #434-041-06-00, San Diego, CA 9...

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$7,500,000

Est. payment - /mo

1.18 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Mission Valley

MLS Listing ID 230021039

HOA Y/N No

Lot Size 1.180 Acres

Acres 1.18

Property Sub-Type Lots/Land

Property Description

Variance granted Lot/Land. 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!

Location

State CA

County San Diego

Community Mission Valley

Area Mission Valley (92108)

Building

Lot Size Range 1+ to 2 AC

Water Meter on Property

Others

Acceptable Financing Cash, Conventional, Shared Equity, Other/Remarks

Listing Terms Cash, Conventional, Shared Equity, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/230021039

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Listed by Lauren J Empey • Empey Realty

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10505 & 10509 San Diego Mission Rd #434-041-06-00 San Diego, CA 92108