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Listed by Frank Karako • LPT Realty, Inc.
$ 1,500,000
Est. payment /mo
Active
2547 Commercial Street San Diego, CA 92113
UPDATED:
12/27/2024 12:45 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8P-2405878
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
Zoning CN-1-4
Building
Lot Description Tear Down, Value In Land, Level, Level with Street, Near Public Transit, 0-1 Unit/Acre