Highlights

• Excellent Redevelopment Potential
• Conceptual Plans for 209 Unit Condo Complex
• Approx. 3.7 Acres of Land

• Excellent Frontage
• Great Assumable Loan of $6.26 Mil

Description

The property consists of four structures two of which are retail buildings facing Camino Ruiz and two structures that are on Zapata Ave. Also included in the offering are four tennis courts as well as a swimming pool. The property's zoning allows for a redevelopment for residential multi-family project. The site has been conceptually
planned for a 209 unit condominium complex housed in 247,510 sf of building with subterranean parking with four stories above ground.

Originally established in the 1950s as a residential area to support Naval Air Station, Miramar, Mira Mesa has grown into the largest community in San Diego. It encompasses the area from the I-15 freeway in the East to I-805 in the West and is
approximately 10,500 acres. Nestled on the southern edge of the Los Penasquitos Canyon Preserve and the northern boundary of MCAS Miramar, the community is now home to approximately 80,000 residents, including students, hi-tech employees, families, and single people alike. There are over 23,000 homes in the community, averaging 3.09 people per household. The median age is 32.4 years old and the community boasts a median income of approximately $63,000/year.