110 W Ash St
San Diego, CA 92101
Land For Sale
·
0.57 AC
Investment Highlights
- The subject property is a perfect covered land play.
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.57 AC |
| Zoning | CCPD-RE - Unlimited FAR with Complete Communities. By-Right Development Opportunity. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.57 AC |
| Zoning | CCPD-RE - Unlimited FAR with Complete Communities. By-Right Development Opportunity. |
Description
The subject development opportunity is located across the street from Little Italy, San Diego’s most sought-after residential neighborhood. The site, due to Complete Communities, enjoys “By-Right” development with unlimited FAR and maximum height allowed by the FAA. We anticipate that a developer will choose to develop the property to a 18-21 FAR. The two most recent high-rise developments are The Simone and 525 Olive and both are market leaders demanding the highest rents in the area. The Simone, across the street from the subject, is achieving $5.92/SF for studios, $6.06/SF for 1BR’s, $5.50/SF for 2BR’s, and $10.20/SF for the penthouse. 525 Olive is achieving rents to $5.69/SF. The anticipated sale of the property will be in Fee. Currently the lessor and lessee are in agreement to terminate the lease in order to deliver fee property to the developer.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $4,526,022 | Total Assessment | $4,526,022 |
Property Taxes
