For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $3,850,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24056937
Sold Date 10/15/24
HOA Y/N No
Lot Size 9,603 Sqft
Acres 0.22
Property Description
The subject property is a prime ±0.22 acre redevelopment site located at 1014 Broadway in downtown San Diego. Currently operating as a small retail center, all leases on this property are on a month-to-month basis with the exception of one lease for a 1,600 SF space that expires in 2029. Broadway is a major east-west arterial through downtown San Diego and this site benefits from the exposure of 100' of frontage along Broadway as well as 100' of frontage along 10th Avenue. Zoning for this property is Centre City Planned District - Employment/Residential Mixed-Use (CCPD-ER). Base Floor Area Ratio (FAR) for the CCPD-ER zoning classification is 6.0 with a maximum of 10.0. A bonus FAR of 4.0 could also be taken advantage of to increase to possible maximum FAR of a new building on this site to 14.0. With an FAR of 10.0, a structure of 96,030 SF could be built. Including the bonus FAR, a structure of 134,442 SF could be built. This property qualifies as a Complete Communities Housing Solutions Tier 1 site which would allow a developer unlimited FAR. Additionally, the site is located within a Qualified Census Tract (QCT) as well as within a Difficult Development Area (DDA). The East Village district of downtown San Diego is the center of where much of the proposed residential growth un
Location
State CA
County San Diego
Area Listing
Zoning CCPD
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 5341950600
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Datashare Cr Don't DeleteDefault Agent