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- LoopNet Team
1402 Broadway
Chula Vista, CA 91911
SMALL WORLD VILLAGE · Land For Sale
·
2.26 AC
INVESTMENT HIGHLIGHTS
- Federal Opportunity Zone
- 2.26 Acres of redevelopment land
PROPERTY FACTS
| Property Type | Land | Proposed Use | Mixed Use |
| Property Subtype | Commercial | Total Lot Size | 2.26 AC |
| Zoning | CT-P | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 2.26 AC |
| Zoning | CT-P |
DESCRIPTION
CALL FOR OFFERS - APRIL 28, 2022. Prime redevelopment site in the City of Chula Vista. The property consists of existing mixed use of structures with rented open space. The site is approximately 2.26 acres in a semi-rectangular shape. Its proximity to Palomar St, a major Gateway, and to public transportation (bus stop at site), makes this a highly desirable rental location. Current zoning of CTP to up-zone into a CC Mixed Use Zoning (MUR) per the South Broadway District's Area of Change objectives. The Mixed-Use Designation will allow for 30 dwelling units per acre (30DU/A). Floor area ratio within the District guidelines range up to FAR 1.0. Developing a mixed use residential project is the highest and best use of site.
PROPERTY TAXES
| Parcel Number | 622-041-27 | Improvements Assessment | $208,080 |
| Land Assessment | $2,913,120 | Total Assessment | $3,121,200 |
PROPERTY TAXES
