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$ 2,400,000
Est. payment | /mo
0.4 Acres Lot
$ 2,400,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250024953
Lot Size 0.403 Acres
Acres 0.4
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
Prime covered land play offering strong current income and exceptional future development potential. A fully leased property that generates $118,000 in annual NOI (4.92% cap rate). Situated on a 17,586 SF lot, and zoned CC-3-6 within the Complete Communities Tier 3 overlay, the site supports a FAR of 6.5—allowing for up to 114,309 SF of total floor space development. With 1–2 years remaining on existing leases, there's near-term potential for redevelopment into 40+ residential units with ground-floor retail or live-work spaces. Contact Eric Lowe at 619-776-2681 for the property's offering memorandum.
Location
State CA
County San Diego
Area Logan Heights (92113)
Others
Space Rent $144,000
Listed by Eric Lowe • Starker West, Inc.
"My mission as your Realtor is to build trust-based relationships and exceed your expectations, ensuring a seamless and rewarding real estate experience."