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Seize the chance to develop affordable housing in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program’s generous Floor Area Ratio of 6.5. This opportunity is within a stone’s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. The offering includes three parcels with a total combined area of 26,030 square feet, and with Tier 3 incentives via Complete Communities, there’s the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 & RM2-5 zoning allowing for a density of 1 unit per 1,000-1,500 square feet by right. This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. (All renderings for conceptual and for illustrative purposes only. Contact appropriate professional for all details and be satisfied prior to closing.) Discover the exceptional investment opportunity nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits. This prime piece of real estate boasts a generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area and an Opportunity Zone, presenting an unparalleled chance for growth and development in a burgeoning community. The site’s strategic location offers unmatched access to major transit lines, including bus routes that connect to UCSD Hospital, the vibrant Downtown San Diego, and the 32nd & Commercial Trolley Station, ensuring convenience and accessibility for future residents. The neighborhood’s rich cultural tapestry and family-oriented market, characterized by diverse demographics and a blend of single-family homes and apartments, make it an ideal setting for a multi-generational housing project that can cater to the needs of various family structures.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 12/21/2024 | Tract | San Diego |
|---|---|---|---|
| Community | San Diego | County | San Diego |
Price History
| Prior to Dec 21, '24 | $3,300,000 |
|---|---|
| Dec 21, '24 - Today | $2,999,000 |
Additional Details
| AREA | San Diego |
|---|---|
| HOA DUES | 0 |
| LOT | 0.6 acre(s) |
| LOT DIMENSIONS | ~320x80 |
| SUBDIVISION | San Diego |
| VIEW | Yes |
| ZONING | RM3-7RM2-5 |
Location
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Listed with LPT Realty,Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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