30
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$7,500,000
Est. payment /mo
13,037 SqFt
Price Dropped by $2.5M
10505 & 10509 San Diego Mission Road San Diego, CA 92108
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UPDATED:
11/15/2024 07:35 PM
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
Square Footage 13,037 sqft
Price per Sqft $575
MLS Listing ID 230018690
Year Built 1973
Lot Size 1.180 Acres
Acres 1.18
Property Description
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!
Location
State CA
County San Diego
Area Mission Valley (92108)
Interior
Cooling Central Forced Air Gas
Building
Story 2
Lot Size Range .75 through 1.5 Acres
Others
Space Rent $287,604
Listed by Lauren J Empey • Empey Realty