Prime covered land play offering strong current income and exceptional future development potential. A fully leased property that generates $118,000 in annual NOI (4.92% cap rate). Situated on a 17,586 SF lot, and zoned CC-3-6 within the Complete Communities Tier 3 overlay, the site supports a FAR of 6.5—allowing for up to 114,309 SF of total floor space development. With 1–2 years remaining on existing leases, there''s near-term potential for redevelopment into 40+ residential units with ground-floor retail or live-work spaces. Contact Eric Lowe at 619-776-2681 for the property''s offering memorandum.
Property Details
Price:
$2,400,000
MLS #:
250024953SD
Status:
Active
Baths:
0
Address:
3096 National Ave
Type:
Commercial
Neighborhood:
92113loganheights
City:
San Diego
Listed Date:
Apr 18, 2025
State:
CA
ZIP:
92113
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3096 National Ave
San Diego, CA
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