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Investment Highlights

  • By-right residential development under Mira Mesa Community Plan significantly reduces entitlement risk and timeline
  • Located in Complete Communities Tier 4 (4.0 FAR)—supports high-density redevelopment well beyond traditional suburban constraints
  • Positioned within Mira Mesa/Miramar, one of San Diego’s most supply-constrained housing markets
  • Zoned CO-1-1 / RM-3-7 with Business Park-Residential designation, allowing seamless transition from industrial to residential use
  • Apartments permitted by right, with townhomes requiring only a ministerial tentative map process (Process 3)
  • 600+ unit high-density redevelopment potential

Executive Summary

Miralani Corporate Center represents a rare ±3.92-acre infill redevelopment opportunity in the highly constrained Mira Mesa/Miramar submarket of San Diego. The site is located within the Mira Mesa Community Plan and benefits from by-right residential zoning, allowing for streamlined development of townhomes or multifamily housing. With zoning supporting up to 44 du/acre and a Tier 4 FAR of 4.0, the property provides the potential to deliver hundreds of residential units in a supply-demand imbalanced market. The existing improvements offer short-term income and flexible vacancy timing, enabling developers to generate interim cash flow while advancing entitlements. Surrounded by major employment hubs including life sciences, technology, and defense, the site is ideally positioned to capitalize on sustained housing demand in one of San Diego’s most dynamic growth corridors.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 3.92 AC
Zoning CO 1-1 - Base: CO 1-1 (44 du/acre) & RM 3-7 (44 du/acre), Community Plan: Business Park-Resi (44 du/acre), Complete Communities: Tier 4: 4.0 FAR

1 Lot Available

Lot

Lot Size 3.92 AC

±3.92-acre infill redevelopment site in San Diego’s Mira Mesa submarket with by-right residential zoning, supporting high-density multifamily or townhome development. Opportunity for 600+ units in a supply-constrained market.

Description

Miralani Corporate Center is a ±3.92-acre development site located in San Diego’s Mira Mesa/Miramar submarket, offering a compelling opportunity for residential redevelopment. The property falls within the Mira Mesa Community Plan and is zoned to allow by-right residential uses, significantly reducing entitlement risk and timelines. With a base density of up to 44 dwelling units per acre and a Tier 4 designation allowing a 4.0 FAR, the site supports high-density development including multifamily and townhome product. The surrounding area is one of San Diego’s strongest employment centers, anchored by life sciences, technology, and defense industries, driving long-term residential demand. The property benefits from proximity to major transportation corridors, retail amenities, and a highly educated workforce. As one of the few large, contiguous infill sites in this submarket, it offers a rare opportunity to deliver new housing in a supply-constrained, high-growth location.

Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
341-060-66
Land Assessment
$5,830,394 CAD
Improvements Assessment
$5,251,641 CAD
Total Assessment
$11,082,034 CAD
  • Listing ID: 40942204

  • Date on Market: 2026-06-16

  • Last Updated:

  • Address: 8665 Miralani Dr, San Diego, CA 92126

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