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- LoopNet Team
2935-2961 A St
San Diego, CA 92102
Land For Sale
·
0.35 AC
INVESTMENT HIGHLIGHTS
- Minutes to downtown and steps to restaurants
- Opportunity zone location
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.35 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | R-4 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.35 AC |
| No. Stories | 1 |
| Zoning | R-4 |
DESCRIPTION
The A – South Park is a 25,719 SF By-Right development opportunity, with 148 or 168 dwelling units. The property is located just west of 30th Street in a Transit Priority Area. Various amenities are within walking distance or a short drive away such as Balboa Park, numerous restaurants and breweries along Ash, Cedar, Date or Grape, and breweries, along with a walkable City Target. The micro market of South Park has seen very little institutionally sized projects due to shortage of contiguous parcels. In addition, home values in the area prevent land acquisition and assemblage from being economical. These factors will continue to constrain market rate apartment development and give the subject a strategic advantage in unique market positioning. South Park caters to a lifestyle for young professionals and newly forming families looking for highly walkability amenities and excellent access.
