32
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$7,500,000
Est. payment /mo
1.18 Acres Lot
New
10505 & 10509 San Diego Mission Rd San Diego, CA 92108
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Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017553
Lot Size 1.180 Acres
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
Prime Mission Valley multifamily development opportunity adjacent to SDSU's future Mission Valley Campus. This 51,389 SF (1.18-acre) two-parcel assembly qualifies for a Complete Communities FAR of 4.0 and is within ½ mile of one of SANDAG's proposed transit-oriented development stops under SB 79. Complete Communities would allow building approx. 200,000 SF of residential development with a 300+ unit potential project. By-right administrative processing means no Planning Group, Board of Zoning Appeals, or City Council approval, significantly reducing entitlement risk and timeline. The project may also qualify for development impact fee reductions on qualifying apartment units and is suitable for senior housing with additional state incentives. Ideally located just 1/2 mile from SDSU's future Mission Valley Campus, which will feature an 80+ acre River Park, Snapdragon Stadium, planned retail, research and innovation space, hotel and conference facilities, and extensive pedestrian and bicycle connections. The property is also approximately 1/4 mile from the Green Line Trolley and within the Trolley Station Design District “special attention area.” The beautification of the area between this site and the Trolley stop will lead to a dedicated pedestrian/bicycle corridor that connects directly to the River Park. Rare opportunity to acquire a large by-right multifamily site positioned to benefit from over $3 billion in investment by the City and SDSU.
Location
State CA
County San Diego
Area Metro
Zoning RMX-1
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Gas
Fireplace No
Exterior
Parking Features On Site, Private
View Y/N No
Roof Type Other/Remarks
Building
Lot Description Corner, Free Standing
Others
Senior Community No
Tax ID 434-047-06-00
Listed by Lauren J Empey, DRE#01924792 Empey Realty
NEARBY SCHOOL & BUSINESS
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