2547 Commercial, San Diego, CA 92113

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Kobe Zimmerman

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

$1,500,000

Est. payment - /mo

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2406048

Property Description

Leverage San Diegos 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 sites 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

Direction From the 5 fwy, exit Cesar Chavez, Merge onto Kearney Ave, Turn right onto Cesar E. Chavez Pkwy, Slight right onto Commercial St

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 5356703000

Acceptable Financing Cash, Conventional, Land Contract, Seller May Carry

Listing Terms Cash, Conventional, Land Contract, Seller May Carry

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Listed by Frank Karako LPT Realty, Inc.

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2547 Commercial San Diego, CA 92113