$2,300,000
$2,400,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1.58 Acres Lot
SOLD DATE : 12/15/2021
Key Details
Sold Price $2,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 210028143
Sold Date 12/15/21
HOA Y/N No
Lot Size 1.580 Acres
Acres 1.58
Property Description
Amazing Investment and Re-Development Project. This is a RM-3 zoning and Opportunity zonw could be built up to 45-75 units per acre according to National City Planning Office. There are 2 (Two) adjoining lots 5571801600 and 5572500100 total of 68635 Sqft. totaling 1.575+ acres which allows up to 118 units also buildable up to 9 (Nine) stories. Property sits higher than other , this will also give great View Property as well. Lots are very close to E. Plaza Blvd which is just 2 blocks to 805 freeway and close approximate to Shops, Markets as well as Restaurants. Could also be Amazing Project for Condominium Complex with views as well as Apartment project. Value is On The Land. Current comps for units built is $400K to $480K National City is experiencing unprecedented Growth and will continue to grow, prime investment opportunity. VALUE IS ON THE LAND FOR APARTMENT OR CONDO PROPJECTS
Location
State CA
County San Diego
Area 91950 - National City
Zoning RM-3
Interior
Fireplace No
Exterior
Present Use Multi-Family
Building
Lot Description Rolling Slope
Others
Tax ID 5571801600
Financing Other
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Bought with Orr Olson • Orr Olson Broker
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