Unparalleled investment opportunity at the gateway to San Diego State University''s upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus &' within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail &' entertainment, as well as green spaces &' mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation &' open spaces, bike &' pedestrian paths, bridges &' plazas' an expansive 95,000-SF retail hub w/ shopping, dining &' entertainment' 1.6 million SF of research &' innovation space' hotel &' conference space' &' Snapdragon Stadium, a hotspot for world-class sports events &' musical performances. The existing office building &' 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details &' 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s &' the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!
Property Details
Price:
$7,500,000
MLS #:
230018690SD
Status:
Active
Baths:
0
Address:
10505 San Diego Mission Road
Type:
Commercial
Neighborhood:
92108missionvalley
City:
San Diego
Listed Date:
Sep 22, 2023
State:
CA
ZIP:
92108
Year Built:
1973
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Courtesy of Empey Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
10505 San Diego Mission Road
San Diego, CA
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