MLS® ID: 190001952
2699 Commercial St
San Diego, California, 92113 $3,500,000
Located minutes away from downtown, with easy access to I5 and Hwy 94, this 1/2 acre site has development potential! Corner location, 175 ft frontage on Commercial St is zoned CN 1-4. Small portion of lots on Evans is zoned RM 3-7. Trolley runs by; stops one block away. Per owner, zoning allows up to 80+ dwelling units plus commercial development, including retail sales, electrical vehicle charging station, farmers' market, eating and drinking establishments (even sidewalk cafes). Sixty foot height limitation. Current month-to-month leases for tire shops, auto repair shops, etc. bring in $5,500/mo. One concrete building on site (approximately 16' x 20') as well as 8000 sq ft of auto bays in the rear are currently being used by owner. Tenants pay own utilities. Three APN's 538-180-10; 535-682-09; 535-696-01. Recent Phase I and Phase II reports show no contamination. Located in the federal Opportunity Zone, a project here could qualify for deferred capital gains.