4702-4714 University - Mixed Use 2 biens | À vendre | 3 013 710 € | San Diego, CA

The offering is comprised of a 12,275 SF mixed use building on a .5 AC lot on the corner of University Ave and 47th in City Heights. The property was occupied by San Diego Electric, Inc. for over 45 years and includes storefront retail/warehouse as well as four unoccupied 1BR/1BA residential units in the adjoining building, With over 250 feet of street frontage, this is a prime opportunity for immediate value add potential or full scale redevelopment.
The development side presents a compelling high-density redevelopment opportunity due to its Complete Communities Tier 3 designation, transit-oriented location and 6.5 FAR development potential. Zoned CC-5-4 within the Mid-City Community Planning Area, the property is also located within a Opportunity Zone (QOZ), Transit Priority Area (TPA) and Qualified Census Tract (QCT), creating additional potential for developers pursuing high-density, mixed-income or affordable housing strategies.
Located in the heart of City Heights along the University Avenue corridor, the property benefits from proximity to ongoing community investment and revitalization efforts led by City Heights CDC, including business support, corridor improvements and affordable housing initiatives. The location provides convenient access to I-8, I-15, I-805 and State Route 94, while placing residents within minutes of San Diego State University, Downtown San Diego, Mission Valley, major retail destinations and key employment centers.