2699 Commercial St
San Diego, CA 92113

$3,500,000

Description

Located minutes away from downtown, with easy access to I5 and Hwy 94, this 1/2 acre site has development potential! Corner location, 175 ft frontage on Commercial St is zoned CN 1-4. Small portion of lots on Evans is zoned RM 3-7. Trolley runs by; stops one block away. Per owner, zoning allows up to 80+ dwelling units plus commercial development, including retail sales, electrical vehicle charging station, farmers' market, eating and drinking establishments (even sidewalk cafes). Sixty foot height limitation. Current month-to-month leases for tire shops, auto repair shops, etc. bring in $5,500/mo. One concrete building on site (approximately 16' x 20') as well as 8000 sq ft of auto bays in the rear are currently being used by owner. Tenants pay own utilities. Three APN's 538-180-10; 535-682-09; 535-696-01. Recent Phase I and Phase II reports show no contamination. Located in the federal Opportunity Zone, a project here could qualify for deferred capital gains.

Details

MLS#190001952
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site14

Features

Story(s)0

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Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92113
Listing VS Median (in 92113)
Price:
$3,500,000
low | high
Med:
$477,000
100% of Average
On Site:
14
low | high
Med:
12.5
100% of Average
Listing Updated: 03/25/2019
MLS Number: 190001952
Listing Provided By:
Lynn Hastings  of  Lynn Hastings Broker
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