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10505 & 10509 San Diego Mission Road #434-047-06-00 San Diego, CA 92108
1.18 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Mission Valley
MLS Listing ID 260018025
Lot Size 1.180 Acres
Property Sub-Type Lots/Land
Property Description
Variance granted lot/land. Prime Mission Valley multifamily development opportunity adjacent to SDSU's future Mission Valley Campus. This 51,389 SF (1.18-acre) two-parcel assembly qualifies for a Complete Communities FAR of 4.0 and is within 1/2 mile of one of SANDAG's proposed transit-oriented development stops under SB 79. Complete Communities would allow building approx. 200,000 SF of residential development with a 300+ unit potential project. By-right administrative processing means no Planning Group, Board of Zoning Appeals, or City Council approval, significantly reducing entitlement risk and timeline. The project may also qualify for development impact fee reductions on qualifying apartment units and is suitable for senior housing with additional state incentives. Ideally located just 1/2 mile from SDSU's future Mission Valley Campus, which will feature an 80+ acre River Park, Snapdragon Stadium, planned retail, research and innovation space, hotel and conference facilities, and extensive pedestrian and bicycle connections. The property is also approximately 1/4 mile from the Green Line Trolley and within the Trolley Station Design District “special attention area.” The beautification of the area between this site and the Trolley stop will lead to a dedicated pedestrian/bicycle corridor that connects directly to the River Park. Rare opportunity to acquire a large by-right multifamily site positioned to benefit from over $3 billion in investment by the City and SDSU.
Location
State CA
County San Diego
Area Metro
Zoning RMX-1
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Water Access Desc Available,Meter on Property
Present Use Commercial
Building
Water Available, Meter on Property
Others
Senior Community No
Tax ID 434-047-06-00
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Lauren J Empey, DRE#01924792 Empey Realty
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