509 W 2nd Ave 2.12 Acres of Commercial Land Offered at $9,900,000 in Escondido, CA 92025

This prime development site is located in the heart of downtown Escondido and consists of 11 contiguous parcels totaling approximately 2.12 gross acres. The project has approvals in place with architectural plans in 4th plan check and final engineering in process. Casa Mercado is either a for sale condo project or a for rent apartment project and consist of a 4 story, 109 unit MF community with 51 one bedrooms and 58 two bedrooms. The one-bedroom units will feature approximately 708 square feet of net rentable area, while the two-bedroom units will offer approximately 1,015 square feet. Plans also include approximately 3,576 square feet of amenity space to enhance the residential experience including a pool, fitness center, entertainment areas, office workspaces and a mail room. Situated within the Downtown Specific Plan – Mercado District, the property is zoned to support a dynamic, mixed-use urban environment envisioned as a vibrant hub anchored by the North County Transit Center and surrounded by boutique shops, restaurants, cultural establishments, and tourist oriented offerings. This development-ready site presents a rare opportunity to deliver a high-quality residential project in one of North San Diego County’s most revitalized and transit-oriented districts.