Millman Team Real Estate

$1,500,000
0.12 Acre Lot

2547 Commercial Street, San Diego, California 92113

  • Land Property Type
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.

Basic Details
Land
For Sale
PTP2406048
$1,500,000
Bay,Bridge(s),City Lights
0.12 Acre
Active
Features
$0
Address Map
CA
San Diego
San Diego
92113
Commercial
2547
Street
From the 5 fwy, exit Cesar Chavez, Merge onto Kearney Ave, Turn right onto Cesar E. Chavez Pkwy, Slight right onto Commercial St.
92113 - Logan Heights
CN-1-4
Additional Information
$0
$0
$0
$0
$0
: Park, Sidewalks, Street Lights, Curbs, Biking, Urban, Storm Drain(s)
: Near Park, Value In Land, Level, Near Public Transit, Street Level, Tear Down, Over 40 Units/Acre
2024-10-02
Commercial,Investment,Multi-Family,See Remarks
1500000
https://www.propertypanorama.com/instaview/crmls/PTP2406048
Broker/Agent Information
LPT Realty, Inc.
Frank Karako
Listing Information
812985
89005
Cash,Conventional,Contract,Owner May Carry,Submit
Active
2024-12-19T19:20:54Z
CRMLS
: Standard
2024-10-01T17:00:00Z
Agent info
Ray Millman
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