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$2,999,000
Est. payment /mo
0.6 Acres Lot
UPDATED:
12/22/2024 05:24 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 240014475SD
HOA Y/N No
Lot Size 0.598 Acres
Property Description
Seize the chance to develop affordable housing in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program's generous Floor Area Ratio of 6.5. This opportunity is within a stone's throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. The offering includes three parcels with a total combined area of 26,030 square feet, and with Tier 3 incentives via Complete Communities, there's the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 & RM2-5 zoning allowing for a density of 1 unit per 1,000-1,500 square feet by right. This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. (All renderings for conceptual and for illustrative purposes only. Contact appropriate professional for all details and be satisfied prior to closing.) Discover the exceptional investment opportunity nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits. This prime piece of real estate boasts a generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area and an Opportunity Zone, presenting an unparalleled chance for growth and development in a burgeoning community. The site's strategic location offers unmatched access to major transit lines, including bus routes that connect to UCSD Hospital, the vibrant Downtown San Diego, and the 32nd & Commercial Trolley Station, ensuring convenience and accessibility for future residents. The neighborhood's rich cultural tapestry and family-oriented market, characterized by diverse demographics and a blend of single-family homes and apartments, make it an ideal setting for a multi-generational housing project that can cater to the needs of various family structures.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning RM3-7RM2-5
Interior
Fireplace No
Exterior
Fence Partial
View Y/N Yes
Present Use Commercial
Others
Senior Community No
Tax ID 5453370900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by John Dzula • LPT Realty,Inc
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908