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.)
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: Partial
: None
Address Map
US
CA
SD
San Diego
San Diego
92102
Imperial Ave
3204
W118° 52' 29.8''
N32° 42' 24.4''
Highway 94-> Take Exit 32nd Street (Head South) -> Parcel Lot Corner of 32nd Street & Imperial Avenue *Google Maps*
Metro Central
RM3-7RM2-5
Neighborhood
San Diego Unified School District
Additional Info
LPT Realty,Inc
Additional Information
: Corner Lot, Sidewalks
https://www.propertypanorama.com/instaview/snd/240014475
: None
Listing Information
679981
993136
ACTIVE
2024-12-30T19:34:04Z
sdmls
: N/K
0.60 Acre
$2,999,000
Listing ID #240014475
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 240014475
Price : $2,999,000
View : City
Lot Area : 0.60 Acre
Status : Active
Property Sub Type : Unimproved Land
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS.
