United StatesCaliforniaSan DiegoStockton3204 Imperial Avenue

3204 Imperial Avenue 3204 Imperial Avenue San Diego, California 92102 United States

$2,900,000
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Nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits, lies your investment opportunity. This generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area...

TXR Homes, Inc.

Listing Courtesy of TXR Homes, Inc.
$2,900,000
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2,428 m²
Exterior
Commercial
Property type
250022033SD
Web Id
250022033SD
MLS ID
San Diego City Unified
School District
37
days ago

About 3204 Imperial Avenue

Nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits, lies your investment opportunity. This generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area and an Opportunity Zone, is a prime piece of real estate here in America s Finest City! 3 parcels = APN No. 545-337-09, 545-337-10, 545-337-11 Complete Communities near Commercial Trolley Station; under the Transit Priority Overlay. 3 APNs; 26k square feet; Tier 3 incentives=build up to 169,195 SF. (100+ units? Defer low income requirement by up to 5 years & on a different location; Buyer to verify w city & zoning depts) Opportunity Zone; RM3-7 & RM2-5 zoning = 1 unit per 1,000-1,500 square feet. Growth & development is perfectly staged at 3204 Imperial, presenting an exciting and flourishing future in this 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 & accessibility for future residents. A Short <6 mile drive to the highly anticipated CHULA VISTA BAYFRONT MASTER PLAN to include the Gaylord Hotel and Convention Center! The neighborhood s rich cultural tapestry and family-oriented market, characterized by diverse demographics and a blend of single-family homes & apartments, make it an ideal setting for a multi-generational housing project that can cater to the needs of various family structures. See supplement for more. OPPORTUNITY abounds! 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. Develop 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. (Updated often, so buyer to verify) This opportunity is within a stone s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. Will soon be within a short distance to the 5 Star Gaylord Hotel and Convention Center which is set to open this Spring, part of the Chula Vista Bayfront Master Plan. This corner lot presents an unparalleled chance to grow & develop in a flourishing central area in San Diego; it includes three parcels with a total combined area of 26,030 square feet. 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. (Professional renderings available by request- for conceptual and for illustrative purposes only.)

Listing Courtesy of TXR Homes, Inc.
Listing Courtesy of TXR Homes, Inc.

TXR Homes, Inc.

Listing Courtesy of TXR Homes, Inc.
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