3050 Pio Pico Dr 0.82 Acres of Commercial Land Offered at $5,995,000 in Carlsbad, CA 92008

The subject offering presents an excellent mixed-use development opportunity to build residential townhomes or multi-family units plus commercial space. The property currently has a 6,200 SF building situated on a parcel of 35,719 SF. The building is currently leased to two restaurant tenants on short-term leases with approx. 2.5 years remaining each and no extension options. The northeast portion of the parcel of approx. 6,420 SF has a parking easement for shared use with the adjacent retail/office property, thus bringing the net developable area to approx. 29,300 SF. Seller had a Pre-Design Report completed by an architect, which has generated a couple of potential development options for townhomes, multi-family, ADU’s, and commercial space. Report available upon request.