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$7,500,000
Est. payment /mo
1.18 Acres Lot
UPDATED:
11/15/2024 07:34 PM
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 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!
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
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Listed by Lauren J Empey • Empey Realty
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