Log In/Sign Up
Your email has been sent.
2690 Garnet Ave - One of SDs Most Dense Buildable Coastal Sites 1,000 SF Specialty Building Offered at $12,425,000 in San Diego, CA 92109
INVESTMENT HIGHLIGHTS
- ONE OF SAN DIEGO'S MOST DENSEST BUILDABLE COASTAL SITES
- LOCATED AT THE GATEWAY OF PACIFIC BEACH
- 116-170 DEVELOPABLE DWELLING UNITS (Buyer to Verify)
EXECUTIVE SUMMARY
ONE OF SAN DIEGO'S MOST DENSEST BUILDABLE COASTAL SITES
116-170 DEVELOPABLE DWELLING UNITS (Buyer to Verify)
LOCATED AT THE GATEWAY OF PACIFIC BEACH
2690-2710 Garnet Avenue comprises a two-building shopping center and a standalone retail building, offering a total of 17 retail units. Positioned off Garnet Avenue near the bustling Mission Bay Drive intersection, sees over 61,000 vehicles per day, it benefits from high daily traffic counts and close proximity to both the Balboa Avenue Trolley Station and the I-5 freeway. This prime Pacific Beach location provides excellent visibility and centralized location, making the property well-suited for investors looking to capitalize on redevelopment or hold strategies. The parcels may also be sold individually, providing flexibility for a range of investment approaches.
- Current NOI: $438,712
- Lot Size: 54,854 SF
- Zoning Code: CC-3-8 (Allows a Maximum of 1 Dwelling Unit per 600 SF of Lot Area)
- # of Developable Dwelling Units: 116 (Potential for up to 116-170 units Utilizing the Low-Income Bonus, Buyer to Verify)
- FAR: 2.5
- Located in the Complete Communities Development Area: The subject property is located in a Transit Priority Area, which allows developers to leverage incentives such as reduced parking requirements, and density bonuses
116-170 DEVELOPABLE DWELLING UNITS (Buyer to Verify)
LOCATED AT THE GATEWAY OF PACIFIC BEACH
2690-2710 Garnet Avenue comprises a two-building shopping center and a standalone retail building, offering a total of 17 retail units. Positioned off Garnet Avenue near the bustling Mission Bay Drive intersection, sees over 61,000 vehicles per day, it benefits from high daily traffic counts and close proximity to both the Balboa Avenue Trolley Station and the I-5 freeway. This prime Pacific Beach location provides excellent visibility and centralized location, making the property well-suited for investors looking to capitalize on redevelopment or hold strategies. The parcels may also be sold individually, providing flexibility for a range of investment approaches.
- Current NOI: $438,712
- Lot Size: 54,854 SF
- Zoning Code: CC-3-8 (Allows a Maximum of 1 Dwelling Unit per 600 SF of Lot Area)
- # of Developable Dwelling Units: 116 (Potential for up to 116-170 units Utilizing the Low-Income Bonus, Buyer to Verify)
- FAR: 2.5
- Located in the Complete Communities Development Area: The subject property is located in a Transit Priority Area, which allows developers to leverage incentives such as reduced parking requirements, and density bonuses
PROPERTY FACTS
| Price | $12,425,000 | Building Class | C |
| Price Per SF | $806.82 | Lot Size | 1.26 AC |
| Sale Type | Investment | Building Size | 15,400 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1915 |
| Property Subtype | Contractor Storage Yard | ||
| Zoning | CC-3-8 | ||
| Price | $12,425,000 |
| Price Per SF | $806.82 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Building Class | C |
| Lot Size | 1.26 AC |
| Building Size | 15,400 SF |
| No. Stories | 1 |
| Year Built | 1915 |
| Zoning | CC-3-8 |
AMENITIES
- Signage
- Wheelchair Accessible
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 417-242-23 | Improvements Assessment | $19,603 |
| Land Assessment | $88,228 | Total Assessment | $107,831 |
PROPERTY TAXES
Parcel Number
417-242-23
Land Assessment
$88,228
Improvements Assessment
$19,603
Total Assessment
$107,831
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2690 Garnet Ave - One of SDs Most Dense Buildable Coastal Sites
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.