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1485 Morena Blvd - High Density Multi-Family Development Site 0.21 Acres of Commercial Land Offered at $2,618,037 CAD in San Diego, CA 92110
INVESTMENT HIGHLIGHTS
- Corner level lot
- Potential for bay / city / ocean views
- Desirable location
- No evidence of active faults
- Proximity to light rail
- 5.5 FAR through Complete Communities
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,618,037 CAD | Lot Size | 0.21 AC |
| Price Per AC | $12,289,004.19 CAD |
| Price | $2,618,037 CAD |
| Price Per AC | $12,289,004.19 CAD |
| Lot Size | 0.21 AC |
Fault hazard evaluation has determined that there is no evidence of active faults. Phase I & II, boundary & topographic survey and feasibility study are complete.
DESCRIPTION
NOTE NEW PRICE - A very well-located high-density multi-family development site situated in the Bay Park neighborhood of San Diego. This 9,280 square-foot paved corner lot is level and has alley access. The subject property’s base zone is CC 4-2 and is within San Diego’s Complete Communities overlay (providing a 5.5 FAR allowance). Complete Communities is an initiative by the City of San Diego that provides high-density residential development along the city’s transit corridors. Recent townhome study shows site could potentially accommodate 9 homes (no affordable) with the following square footages: two 1,750 SF Homes/ three 1,500 SF homes / four 1,150 SF homes.
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1485 Morena Blvd - High Density Multi-Family Development Site
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