2547 Commercial ST Active

San Diego,CA 92113

$ 1500000

- Bed

0 Bath

500 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 500 sqft

Price per Sqft $3,000

MLS Listing ID PTP2405878

Year Built 1920

Annual Tax Amount $2,038

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

Building

Lot Description 0-1 Unit/Acre,Level,Near Public Transit,Street Level,Tear Down,Value In Land

Story 2

Others

Acceptable Financing Cash,Conventional,Owner May Carry,Submit

Listing Terms Cash,Conventional,Owner May Carry,Submit

Special Listing Condition Standard

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