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Tamra Frost

[email protected] +1(619) 890-7688

$3,400,000

Est. payment - /mo

0.49 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260011544

Lot Size 0.488 Acres

Property Sub-Type Lots/Land

Property Description

CBRE is please to present 1674 Newton Avenue, a rare land redevelopment opportunity in the energetic and rapidly gentrifying neighborhood of Barrio Logan in San Diego –which is currently undergoing substantial revitalization and investment momentum. 1674 Newton Avenue has been recently rezoned to RM-3-7 zoning, which on its own allows for by right high-density multifamily development. However, the property is also located within Complete Communities Coastal Zone, which provides for additional density up to a 2.5 FAR in addition to providing a unique regulatory framework for future redevelopment. Developers of the site may explore opportunities for additional density through programs such as California's Density Bonus Law as well as applicable City of San Diego housing incentives. The subject property's location within the Barrio Logan submarket is directly adjacent to one of San Diego's most vibrant restaurants scenes and cultural hubs, in addition to being within walking distance of various public transportation options and having direct freeway access only 3 blocks away. As a redevelopment site, 1674 Newton Avenue offers a compelling balance of zoning flexibility, coastal adjacency and urban connectivity. Its combination of high-density residential entitlements, Coastal Zone positioning and irreplaceable central San Diego location makes this opportunity especially well aligned with current demand for new housing within supply-constrained coastal submarkets.

Location

State CA

County San Diego

Area Metro Central

Zoning RM-3-7

Interior

Fireplace No

Exterior

Fence Full

View Y/N No

Present Use Commercial,Industrial,Residential

Others

Senior Community No

Tax ID 538-030-33-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Michael Robert Greiner, DRE#01844828 CBRE

Nearby School & Business

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Tamra Frost

+1(619) 890-7688

Agent | CA BRE #01870290

Agent CA BRE #01870290

San Diego Communities

1674 Newton Ave #19, 20, 21, 22, 23, 24 San Diego, CA 92113

Tamra Frost

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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