Leverage San Diego’s Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55’ 5-story or 85’ 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site’s location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.
Property Details
Price:
$1,500,000
MLS #:
PTP2405878
Status:
Active
Baths:
0
Address:
2547 Commercial Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
92113loganheights
City:
San Diego
Listed Date:
Aug 5, 2024
State:
CA
ZIP:
92113
Year Built:
1920
Schools
Interior
Exterior
Parking Spots
0.00
Stories Total
2
Financial
Taxes
$2,038
Map
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2547 Commercial Street
San Diego, CA
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