Listing provided courtesy of John Dzula of LPT Realty,Inc. Last updated 2024-12-22 10:18:23.000000. Listing information © 2024 SANDICOR.
Asking Price: $2,999,000
3204 Imperial Ave, San Diego CA 92102
Community: Stockton
This Lots/Land property was built in and is priced at $2,999,000. Please see the additional details below.
Seize the chance to develop affordable housing in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program’s generous Floor Area Ratio of 6.5. This opportunity is within a stone’s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. The offering includes three parcels with a total combined area of 26,030 square feet, and with Tier 3 incentives via Complete Communities, there’s the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 & RM2-5 zoning allowing for a density of 1 unit per 1,000-1,500 square feet by right. This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. (All renderings for conceptual and for illustrative purposes only. Contact appropriate professional for all details and be satisfied prior to closing.)
