One of SDs Most Dense Buildable Coastal Sites 2710 Garnet Ave 15,400 SF 100% Leased Retail Building San Diego, CA 92109 $12,425,000 ($806.82/SF)

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