$10,000,000 $53,682 est/mo Sourced by Back At You

10505 San Diego Mission Road,San Diego, CA 92108

San Diego CA, 92108

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Description

Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the special attention area Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s & the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!

Details

MLS#230018690SD
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1973
Days On Site244
Listing Provided ByEmpey Realty 858-230-8644 | Lauren Empey

Features

Units13
Building(s)2
Acreage1.18

Market Activity 92108

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Listings Checked: 2 minutes ago
StateCA
CountySan Diego
CitySan Diego
Zip Code92108
Area92108 Mission Valley
Listing VS Median (in 92108)
Price:
$10,000,000
low | high
Med:
$515,000
100% of Average
On Site:
244
low | high
Med:
15.500000
100% of Average
Sourced by Back At You
Listing Updated: February 25, 2024 at 6:06:54 AM PST