San Diego, CA 92101,1014 Broadway
San Diego, CA 92101,1014 Broadway
San Diego, CA 92101,1014 Broadway
$3,850,000
Est. payment /mo
$3,850,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

9,603 Sqft Lot
SOLD DATE : 10/15/2024

Key Details

Sold Price $3,850,000

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID PW24056937

Sold Date 10/15/24

HOA Y/N No

Lot Size 9,603 Sqft

Acres 0.2205

Property Description

The subject property is a prime 0.22 acre redevelopment site located at 1014 Broadway in downtown San Diego. Currently operating as a small retail center, all leases on this property are on a month-to-month basis with the exception of one lease for a 1,600 SF space that expires in 2029. Broadway is a major east-west arterial through downtown San Diego and this site benefits from the exposure of 100' of frontage along Broadway as well as 100' of frontage along 10th Avenue. Zoning for this property is Centre City Planned District - Employment/Residential Mixed-Use (CCPD-ER). Base Floor Area Ratio (FAR) for the CCPD-ER zoning classification is 6.0 with a maximum of 10.0. A bonus FAR of 4.0 could also be taken advantage of to increase to possible maximum FAR of a new building on this site to 14.0. With an FAR of 10.0, a structure of 96,030 SF could be built. Including the bonus FAR, a structure of 134,442 SF could be built. This property qualifies as a Complete Communities Housing Solutions Tier 1 site which would allow a developer unlimited FAR. Additionally, the site is located within a Qualified Census Tract (QCT) as well as within a Difficult Development Area (DDA). The East Village district of downtown San Diego is the center of where much of the proposed residential growth under the Downtown Community Plan is expected to occur and, as a result, East Village is expected to experience considerable transformation over the next 20 years. The projected growth in the Northwest sub-district of the East Village is expected to ultimately transform the area into downtown San Diego'
The subject property is a prime 0.22 acre redevelopment site located at 1014 Broadway in downtown San Diego. Currently operating as a small retail center, all leases on this property are on a month-to-month basis with the exception of one lease for a 1,600 SF space that expires in 2029. Broadway is a major east-west arterial through downtown San Diego and this site benefits from the exposure of 100' of frontage along Broadway as well as 100' of frontage along 10th Avenue. Zoning for this property is Centre City Planned District - Employment/Residential Mixed-Use (CCPD-ER). Base Floor Area Ratio (FAR) for the CCPD-ER zoning classification is 6.0 with a maximum of 10.0. A bonus FAR of 4.0 could also be taken advantage of to increase to possible maximum FAR of a new building on this site to 14.0. With an FAR of 10.0, a structure of 96,030 SF could be built. Including the bonus FAR, a structure of 134,442 SF could be built. This property qualifies as a Complete Communities Housing Solutions Tier 1 site which would allow a developer unlimited FAR. Additionally, the site is located within a Qualified Census Tract (QCT) as well as within a Difficult Development Area (DDA). The East Village district of downtown San Diego is the center of where much of the proposed residential growth under the Downtown Community Plan is expected to occur and, as a result, East Village is expected to experience considerable transformation over the next 20 years. The projected growth in the Northwest sub-district of the East Village is expected to ultimately transform the area into downtown San Diego's highest intensity residential-emphasis district.

Location

State CA

County San Diego

Community Downtown

Area San Diego Downtown (92101)

Building

Lot Description Corner Lot, Curbs, Sidewalks

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $298

Acceptable Financing Cash

Listing Terms Cash

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Matthew Wenzel • Marcus & Millichap
Bought with Brandy Bell • Palisade Realty Inc

GET MORE INFORMATION

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate | CA DRE#01264878

Broker Associate CA DRE#01264878

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.