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702 Market St - 7th and Market 0.23 Acres of Residential Land in San Diego, CA 92101
Investment Highlights
- Walk Score: 98
- Current Use: Parking Lot (Interum Income)
- Minutes From Petco Park & San Diego Convention Center
- Zoning: CCPD-ER
- Steps From The Gaslamp Quarter
Executive Summary
As a previously entitled hotel development, this project may be advanced thruogh updated permitting aligned with current codes. Seller open to participation in hotel execution.
The Property generates near-term parking revenue driven by proximity to Petco Park, just four blocks away. The Padres ranked second in MLB attendance in 2025, drew a record 3,437,201 fans, and sold out 72 of 81 home games — making the surrounding blocks among the most reliably trafficked in
downtown San Diego.
Continued population growth, constrained supply, and San Diego’s global tourism appeal create a compelling backdrop across all viable uses, making 702 Market Street a singular opportunity to deliver a signature project in one of the West Coast’s most resilient urban environments.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.23 AC |
| Lot Size | 0.23 AC |
Unmatched Development Optionality in the Core of Downtown San Diego. Income Producing Land. Multifamily, Hotel & Mixed-Use Potential.
Description
Entitled & Permitted Hotel Concept — A 302-key hotel was fully designed, entitled, and permitted for the site, featuring a ground-floor lobby, meeting space, fitness center, and rooftop pool and F&B venue, advanceable subject to re-permitting and current code compliance. Seller Collaboration Available — The seller's team is actively open to partnering with a new owner on program advancement, including the previously developed citizenM concept. Near-Term Parking Income — Four blocks from Petco Park, the property benefits from reliable event-driven parking revenue. The Padres ranked 2nd in MLB attendance in 2025, drawing 3,437,201 fans and selling out 72 of 81 home games. Premier Downtown Location — Steps from the Convention Center, Gaslamp Quarter, and Horton Plaza, within San Diego's expanding innovation and life sciences corridor. Supply-Constrained Market — Continued population growth and San Diego's global tourism appeal create a compelling demand backdrop across all viable uses.
Property Taxes
| Parcel Number | 535-105-06 | Improvements Assessment | $0 |
| Land Assessment | $9,467,640 | Total Assessment | $9,467,640 |
Property Taxes
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702 Market St - 7th and Market
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