About 10505 & 10509 San Diego Mission Rd 434-041-06-00
Variance granted Lot/Land. 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.
Features of 10505 & 10509 San Diego Mission Rd 434-041-06-00
| MLS® # | 230021039 |
|---|---|
| Price | $7,500,000 |
| Acres | 1.18 |
| Type | Land |
| Sub-Type | Lots/Land |
| Status | Active |
Community Information
| Address | 10505 & 10509 San Diego Mission Rd 434-041-06-00 |
|---|---|
| Area | MISSION VALLEY (92108) |
| Subdivision | Mission Valley |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92108 |
Amenities
| Utilities | Other/Remarks |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Fireplace | Yes |
|---|
Fees
| Other Fees | $0 |
|---|
Additional Information
| Date Listed | September 22nd, 2023 |
|---|---|
| Days on Market | 1017 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | Empey Realty |