Investment Highlights

  • Multifamily development site on Union & Cedar St. in Downtown San Diego
  • 5,014 SF Land (.12 AC) for development zoned (R)-Residential Emphasis
  • Scarce product, one of the last remaining development sites in Little Italy
  • High FAR at 5.0 Minimum to 8.0 Maximum
  • Flexible uses permitted such as: Residential, Office, Retail, Hotel
  • Build at a minimum 25,000 SF to maximum of 40,000 SF
  • Site consists of a 1,900 SF Residential Fully Leased to ITH Hostel Group
  • NNN Leased – Current term runs from March 28, 2019 to March 28, 2021
  • Trendy Upscale Neighborhood of Little Italy
  • Forbes – Rated Top 10 Places to Live For Millenials
  • San Diego’s Undisputed Hottest Place to Live, Eat, & Play
  • Quick Access to Interstate 5, CA-163, CA-94, and San Diego Int’l Airport


Offer Price:

$2,256,300

Lot Size:

5,014

Price PSF:

$450.00

Leased:

100%

Type:

Development

Status:

Available

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