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- LoopNet Team
799 Ada St
Chula Vista, CA 91911
Land For Sale
·
0.35 AC
INVESTMENT HIGHLIGHTS
- Design Review Approved Plans - Architectural plans available, simplifying the development process for investors.
- Opportunity Zone: Offers significant tax incentives for investors
- Proposed Plans to Build 18 Units - (6) 2-Bedroom / 2-Bathroom Units (1,076 sq ft) | (12) 3-Bedroom / 2-Bathroom Units (1,222 sq ft)
- Project located in Palomar Gateway Specific Plan District: A sustainable, transit-oriented community with high-density, walkable urban design
- Planned Infrastructure Upgrades by SANDAG, City of Chula Vista, and MTS: New bridges at Palomar Street will improve traffic flow & enhance bike lanes
- Prime Location with Views: Offers bay views & views of the new upcoming Bayfront Gaylord Project
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.35 AC |
| Zoning | PRV & RH - Zoning: Palomar Residential Village (PRV)- High Residential (RH) - Opportunity Zone Located in Palomar Gateway Specific Plan District | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.35 AC |
| Zoning | PRV & RH - Zoning: Palomar Residential Village (PRV)- High Residential (RH) - Opportunity Zone Located in Palomar Gateway Specific Plan District |
DESCRIPTION
Welcome to an extraordinary development opportunity located in the highly desirable Chula Vista. This expansive lot, spanning an impressive 15,185 sq ft (0.37 acres), is zoned in an Opportunity Zone and situated within the Palomar Gateway Specific Plan District. It is a rare find with Design Review Approval from the City of Chula Vista for an 18-unit high-density residential project. The project is considered entitled, and the architect and civil engineer involved are prepared to release the existing drawings to facilitate the next steps toward completion. With architectural plans readily available, this opportunity offers investors a significant advantage in streamlining the development process. The Proposed Development includes: (6) 2-Bedroom / 2-Bathroom Units (1,076 sq ft) | (12) 3-Bedroom / 2-Bathroom Units (1,222 sq ft).
