Description
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.
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0BEDS
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0.4ACRES
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01/2 BATHS
School Ratings & Info
Description
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.
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