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4481 Estrella Ave - Americas Finest Charter School 0.87 Acres of Commercial Land Offered at $5,200,000 in San Diego, CA 92115

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INVESTMENT HIGHLIGHTS

Previous Asking Price: $6,900,000 New Asking Price: $5,200,000
Perfect for a Multi Family Developer or Owner-User (School, Church Group, Daycare)
Less Than 2 Miles from SDSU, Within the Opportunity Zone

Building Size: 12,726 SF ($408/SF) Lot Size: 37,801 SqFt ($137/SF!!!!!!!!!!)
Seller Financing Available For Qualified Buyers, Occupied by America's Finest Charter School
Zoned RM-1-2 and Located within Talmadge Submarket of San Diego

EXECUTIVE SUMMARY

The property was originally listed for sale for $6,900,000 and the price is now $5,200,000. This is the 2nd price reduction, make an offer!
The property is currently occupied by a charter school called America's Finest Charter School, which is within the San Diego Unified School District.

PROPERTY FACTS

Price	$5,200,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Schools Single Family Residence
Sale Conditions	Sale Leaseback Redevelopment Project	Total Lot Size	0.87 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	RM-1-2

Price	$5,200,000
Sale Type	Investment or Owner User
Sale Conditions	Sale Leaseback Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Schools Single Family Residence
Total Lot Size	0.87 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1-2

1 LOT AVAILABLE

Lot

Price	$5,200,000	Lot Size	0.87 AC
Price Per AC	$5,992,219.33

Price	$5,200,000
Price Per AC	$5,992,219.33
Lot Size	0.87 AC

This is two parcels of land. The larger parcel is 31,363 SF and the smaller parcel is 6,438 SF.

DESCRIPTION

The Franco Realty Group is proud to exclusively present for sale the property located at 4481 Estrella Avenue San Diego, CA 92115. This property is perfect for an ambitious developer, daycare, school or church group. A developer can build a multi family project across the 37,801 sf lot located within the Opportunity Zone. The property is zoned RM-1-2, is walking distance to El Cajon Boulevard and is centrally located in the Talmadge submarket of San Diego. The property is currently occupied by America's Finest Charter School, which is within the San Diego Unified Charter School and was previously used as a church. The school will be vacating in the summer, which enables a developer ample time to obtain permits for a development. This is also an opportunity for someone to take over the building an open a private school, daycare or church group. There is plenty of onsite parking that can help accommodate these uses.