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1035 8th Ave
0.47 Acres of Commercial Land Offered at £10,954,300 in San Diego, CA 92101
Investment Highlights
- 50% Seller Financing Available
- Access from 8th Ave and 9th Ave
- Perfect Development Opportunity
Executive Summary
Located in the heart of East Village, this prime piece of real estate offers unparalleled access to the cultural and economic pulse of San Diego. The proximity to the Gaslamp District ensures that residents and visitors alike can enjoy the best dining, entertainment, and nightlife that the city has to offer. Additionally, the site benefits from excellent transportation links, making it a highly accessible and desirable location for various types of development.
For developers focused on low-income housing, there's an option to ground lease the land for 99 years. This long-term lease arrangement provides a unique opportunity for affordable housing projects, allowing developers to contribute to the community by addressing the urgent need for low-income housing in the area. The ground lease option not only makes this development more financially feasible but also aligns with civic goals of providing equitable housing solutions for all residents.
With its strategic location, flexible development possibilities, and the special provision for a 99-year ground lease for low-income housing developers at $30k per month, this site is poised to attract visionary developers ready to make a significant impact. Whether you're looking to create a luxury hotel, a high-rise residential building, or a mixed-use complex that integrates retail and residential spaces, this site offers the versatility to bring your vision to life. Take advantage of this rare opportunity to shape the future of Downtown San Diego and contribute to the vibrant community of East Village.
Property Facts
| Price | £10,954,300 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Price | £10,954,300 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.47 AC |
1 Lot Available
Lot
| Price | £10,954,300 | Lot Size | 0.47 AC |
| Price Per AC | £23,307,020 |
| Price | £10,954,300 |
| Price Per AC | £23,307,020 |
| Lot Size | 0.47 AC |
FOR SALE
Description
Strands Realty Group offers an exciting development opportunity in the vibrant East Village, just steps away from San Diego's historic Gaslamp District. This .47-acre site presents a unique chance for hotel, multifamily, low-income housing, and mixed-use developers to leave a lasting mark on Downtown San Diego's skyline. Set in a rapidly evolving urban landscape, it's a distinctive opening for creating a landmark project in one of the city's most dynamic neighborhoods. Located in the heart of East Village, this prime piece of real estate offers unparalleled access to the cultural and economic pulse of San Diego. The proximity to the Gaslamp District ensures that residents and visitors alike can enjoy the best dining, entertainment, and nightlife that the city has to offer. Additionally, the site benefits from excellent transportation links, making it a highly accessible and desirable location for various types of development. For developers focused on low-income housing, there's an option to ground lease the land for 99 years. This long-term lease arrangement provides a unique opportunity for affordable housing projects, allowing developers to contribute to the community by addressing the urgent need for low-income housing in the area. The ground lease option not only makes this development more financially feasible but also aligns with civic goals of providing equitable housing solutions for all residents. With its strategic location, flexible development possibilities, and the special provision for a 99-year ground lease for low-income housing developers, this site is poised to attract visionary developers ready to make a significant impact. Whether you're looking to create a luxury hotel, a high-rise residential building, or a mixed-use complex that integrates retail and residential spaces, this site offers the versatility to bring your vision to life. Take advantage of this rare opportunity to shape the future of Downtown San Diego and contribute to the vibrant community of East Village.
PROPERTY TAXES
| Parcel Number | 534-184-08 | Improvements Assessment | £0 |
| Land Assessment | £4,560,788 | Total Assessment | £4,560,788 |
PROPERTY TAXES
zoning
| Zoning Code | Neighborhood Mixed Use (For multi-family development - No entitlements needed, just permits. Minimum height requirement is 10 stories, maximum is 35 stories.) |
| Neighborhood Mixed Use (For multi-family development - No entitlements needed, just permits. Minimum height requirement is 10 stories, maximum is 35 stories.) |
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1035 8th Ave
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