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10505 & 10509 SAN DIEGO MISSION RD,  SAN DIEGO, CA 92108

Lot Number 434-041-06-00, 1.18 Acres, Mission Valley

$10,000,000


Unparalleled investment opportunity at the gateway to San Diego State University s upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas an expansive 95,000-SF retail hub w/ shopping, dining & entertainment 1.6 million SF of research & innovation space hotel & conference space & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s & the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!



DETAILED INFORMATION
MLS#:230021039Price:$10,000,000
Listing Date:09-22-2023Original Price:$10,000,000
List Status:ActiveProperty Type:Lots/land
Days on Market:223Acres:1.18
Parcel Number:434-041-06-00Sign on Property:
Parcel Map Number:Thomas Brothers Map:
Tentative Map Number:Directions:
Lot Number:434-041-06-00Frontage Dim:
Grid:Lot Dim:
Subdivision:Mission ValleyLot Sqft:51389
Community:Mission ValleyPrice Per Sqft:N/A
Current Use:Lot Size:1+ To 2 Ac
Best Use:Lot Description:
Development:Structures:
Zoning:View
Sewer:Utilities:Other/remarks
Fence:N/kUtilities Location:
Topography:LevelFrontage:N/k
Water:Meter On PropertyWater District:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Other Fees:$0
Other Fee Paid:Other Fee Type:
Mello Roos:$0Mello Roose Paid:
Age Restrictions:N/kMiscellaneous:
Additional Land Use:Res/business Use OkAmenities:
Boat Facilities:Irrigation:N/k
Approved Plans:Loan Terms:
School District:Sale Terms:Cash,Conventional,Shared Equity,Other/Remarks


HOW THIS LAND COMPARES TO NEARBY CURRENTLY FOR SALE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTLIST PRICELIST PSQFT
  CALL FOR ADDRESS -  BENTON PLACE, SAN DIEGO, CA 92116NORMAL HEIGHTS2029620 $257,500$9
   SAN DIEGO MISSION RD, SAN DIEGO, 92108Mission Valley223 $10,000,000$
FOR SALE AVERAGES:20 29,620 $257,500$9


NEARBY SOLD LAND PREVIOUS 12 MONTHS
  ADDRESSSUBDIVISIONMARKET DAYSSQFTSOLD PRICESOLD PSQFT
  5901 MISSION GORGE ROAD, SAN DIEGO, CA 92120DEL CERRO207175547$12,105,000$68.9559
  5242 CROMWELL CT., SAN DIEGO, CA 92116NORMAL HEIGHTS - INDIAN HILLS559749$659,000$67.5967
  Lot 27 BENTON PL, SAN DIEGO, CA 92116NORMAL HEIGHTS13330927$295,000$9.5386
  Lot 28 BENTON PL, SAN DIEGO, CA 92116NORMAL HEIGHTS18531798$222,500$6.9973
  3646 EUGENE PLACE, SAN DIEGO, CA 92116NORMAL HEIGHTS5516393$600,000$36.6010
   TOYON RD, SAN DIEGO, CA 92115ALVARADO ESTATES13616910$487,500$28.8291
  3403 MOUNTAIN VIEW, SAN DIEGO, CA 92116NORMAL HEIGHTS222463$380,000$154.2834
  0000 MOUNTAIN VIEW DRIVE, SAN DIEGO, CA 92116NORMAL HEIGHTS492753$250,000$90.8100
  0000 ALDINE DRIVE, SAN DIEGO, CA 92116KENSINGTON242121096$565,000$4.6657
  6910-6980 MISSION GORGE, SAN DIEGO, CA 92120ALLIED GARDENS10$48,638,620$0
SOLD AVERAGES:109 45,293 $6,420,262$52




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Listing Provided Courtesy of: Lauren J Empey, Empey Realty.
Data Updated May 02 2024 01:38:27
Listing Last Modified:01-30-2024 21:59:05

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