Property Detail
Description
Prime covered land play offering strong current income and exceptional future development potential. A fully leased property that generates $118,000 in annual NOI (4.92% cap rate). Situated on a 17,586 SF lot, and zoned CC-3-6 within the Complete Communities Tier 3 overlay, the site supports a FAR of 6.5—allowing for up to 114,309 SF of total floor space development. With 1–2 years remaining on existing leases, there's near-term potential for redevelopment into 40+ residential units with ground-floor retail or live-work spaces. Contact Eric Lowe at 619-776-2681 for the property's offering memorandum.
Map Location
Listing provided courtesy of Eric Lowe of Starker West, Inc.. Last updated 2025-04-19 08:33:02.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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