2547 Commercial Street

Description

Leverage San Diego’s Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55’ 5-story or 85’ 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site’s location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.

Listing information courtesy of: Frank Karako, Big Block Realty, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 10/04/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.